Home > > China’s social travel platform Mafengwo to lay off 40% of staff

China’s social travel platform Mafengwo to lay off 40% of staff

12/17/2019| 10:27:59 AM|

The company faces stiff competition for its travel booking services from bigger rivals like Alibaba’s Fliggy and Ctrip.

Chinese travel platform Mafengwo may be laying off 40% of its employees, our sister site TechNode Chinese reported on Friday.

Tencent-backed Mafengwo, once a top travel site in China known for its user-generated reviews and other travel-based content, is losing out to larger rivals after a number of scandals this year battered its reputation among China’s consumers.

The company is going to fire around 40% of its employees, said a verified Mafengwo employee in a Maimai post on Wednesday, adding that the firm will begin discussions with staff on Thursday.

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TAGS: Mafengwo | layoff
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