DiDi to cut up jobs before Hong Kong listing

<div><img width="1200" height="675" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/02/dan-gold-kARZuSYMfrA-unsplash.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Giant, Didi, listing" loading="lazy" srcset="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/02/dan-gold-kARZuSYMfrA-unsplash.jpg 1200w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/02/dan-gold-kARZuSYMfrA-unsplash-300×169.jpg 300w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/02/dan-gold-kARZuSYMfrA-unsplash-1024×576.jpg 1024w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/02/dan-gold-kARZuSYMfrA-unsplash-768×432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><h1>DiDi to cut up jobs before Hong Kong listing</h1>
<p>The Chinese transportation company, DiDi, plans to decrease its overall headcount by 20% as the troubled tech company pushes ahead with plans to move its stock-market listing to Hong Kong.</p>
<p>The cuts will affect most of the company’s core businesses aim to reduce <a href="https://www.financebrokerage.com/the-u-s-stops-avocado-imports-from-mexico/" target="_blank" rel="noopener">expenses</a> ahead of the Hong Kong listing. Anonymous people said this, asking not to appear identified as the information isn’t public. Ride-hailing might see staff reductions of up to 15%, though drivers won’t be affected.</p>
<p>A DiDi spokesperson didn’t directly comment on the job reductions, first reported by Chinese media Late Post. Some people said that the company has already reduced investments in once red-hot businesses like community grocery buying. Another person said that some units such as Didi Finance, expanding outside China, and its autonomous driving business will face less impact.</p>
<p>DiDi emerged as one of the biggest targets of a crackdown by Chinese authorities. In June, the company pulled off its $4.5 billion U.S. initial public offering against Beijing’s wishes. Days after its listing, the company was under a cybersecurity probe, and its services disappeared from Chinese app stores.</p>
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<h2>Overview of currency pairs besides DiDi situation</h2>
<p>Currency bid prices</p>
<p>Dollar index</p>
<p>96.3090 95.9340 +0.40% 0.676% +96.4410 +95.9040</p>
<p>Euro/Dollar</p>
<p>$1.1301 $1.1347 -0.40% +0.00% +$1.1379 +$1.1280</p>
<p>Dollar/Yen</p>
<p>115.5700 115.5300 +0.04% +0.00% +115.7460 +115.0200</p>
<p>Euro/Yen</p>
<p>130.61 130.96 -0.27% +0.00% +131.3800 +130.0500</p>
<p>Dollar/Swiss</p>
<p>0.9252 0.9255 -0.03% +1.45% +0.9273 +0.9239</p>
<p>Sterling/Dollar</p>
<p>$1.3528 $1.3562 -0.26% +0.02% +$1.3571 +$1.3495</p>
<p>Dollar/Canadian</p>
<p>1.2723 1.2739 -0.12% +0.00% +1.2784 +1.2720</p>
<p>Aussie/Dollar</p>
<p>$0.7126 $0.7138 -0.17% +0.00% +$0.7150 +$0.7087</p>
<p>Euro/Swiss</p>
<p>1.0457 1.0502 -0.44% +0.00% +1.0514 +1.0438</p>
<p>Euro/Sterling</p>
<p>0.8351 0.8369 -0.23% +0.00% +0.8386 +0.8347</p>
<p>NZ</p>
<p>Dollar/Dollar $0.6615 $0.6653 -0.66% +0.00% +$0.6649 +$0.6593</p>
<p>Dollar/Norway</p>
<p>8.8885 8.8700 +0.28% +0.00% +8.9490 +8.8695</p>
<p>Euro/Norway</p>
<p>10.0451 10.0607 -0.17% +0.00% +10.1251 +10.0321</p>
<p>Dollar/Sweden</p>
<p>9.3846 9.3273 +0.13% +0.00% +9.4499 +9.3030</p>
<p>Euro/Sweden</p>
<p>10.6044 10.5918 +0.13% +3.62% +10.6917 +10.5743</p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/didi-to-cut-up-jobs-before-hong-kong-listing/">DiDi to cut up jobs before Hong Kong listing</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>