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Layoffs 99.82%! 36,900 employees are now only 66 people left, what happened to HNA Technology?

author:XUAN column

Layoffs 99.82%! 36,900 employees are now only 66 people left, what happened to HNA Technology? Since the outbreak of the epidemic three years ago, the employment situation in the world has become more and more severe, and even many multinational companies have ushered in a wave of large-scale layoffs.

Layoffs 99.82%! 36,900 employees are now only 66 people left, what happened to HNA Technology?

By the end of last year, there were as many as 14 listed companies in the mainland with an average of more than 10,000 employees, and the scale of layoffs in one company has exceeded 99.8%, ranking first in the list, so why did HNA Technology, which profits from big data and cloud computing, lay off more than 30,000 people last year, what happened to HNA Technology?

Layoffs 99.82%! 36,900 employees are now only 66 people left, what happened to HNA Technology?

From the list of listed companies with more than 10,000 layoffs in the mainland last year, we can see that HNA Technology has also jumped from a large company with a total number of more than 36,900 employees to a listed company with the smallest number of people in the list after the lean military and simplified administration.

Layoffs 99.82%! 36,900 employees are now only 66 people left, what happened to HNA Technology?

It is understood that HNA Technology this time in the layoffs of 99.8%, in the remaining 66 people, in addition to the administrative, management, financial personnel, in fact, maintain the company's operation of the staff, only 8 production personnel and 5 sales personnel, as an A-share listed company, the existence of the king of layoffs last year, all at once laid off more than 30,000 employees, presumably the reason is because due to the impact of the epidemic and lead to the company's income can not make ends meet, so the board of directors after weighing the pros and cons, This decision was finally made.

Layoffs 99.82%! 36,900 employees are now only 66 people left, what happened to HNA Technology?

However, it is not excluded that this company has made a large-scale reduction of its own employees by selling subsidiaries, and from the performance of the A-share market, we can also see that since HNA Technology's stock price soared to 19.2 yuan 7 years ago, with the news of its large-scale layoffs, his closing price on May 16 was only 2.73 yuan, which also means that its market value fell by 85.78%.

Layoffs 99.82%! 36,900 employees are now only 66 people left, what happened to HNA Technology?

Looking at the company's revenue data, we can find that since 2017, the company has not created a new high in performance, coupled with the arrival of the epidemic, the company lost more than 9.7 billion yuan in 2020, which means that the previous years of efforts lost all money in 2020.

In 2021, HNA Technology has made a comeback again, and achieved a net profit of more than 3.08 billion yuan, but from the data of the first quarter of this year, we found that his net profit has dropped sharply, and in the case of such high operating costs, is there any other way for him to go in addition to large-scale layoffs?

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