On the afternoon of June 8th, in response to the layoff, Cao Cao Travel responded that false news is a normal business optimization.
According to media reports, a number of Cao Cao Travel employees reported that Cao Cao Travel is laying off employees. Many employees said that they had received the company’s negotiated resignation notice and left on the day they received the notice. The compensation for some employees is “n+2”. It is understood that the proportion of layoffs is about 40%.
In response to this matter, Cao Cao Travel responded that this adjustment is a normal business optimization, and the layoffs are false news.
In the past two years, Cao Cao Travel has been in a state of major adjustment, and a new management team has been introduced from the outside, including the current CEO Gong Xin and chairman Zhou Hang.
In September 2021, Cao Cao Travel announced the completion of a 3.8 billion B round of financing. In April this year, Cao Cao Travel released two new and upgraded product lines: Cao Cao Car and Cao Cao Huixuan. According to Gong Xin, CEO of Cao Cao Travel, the cumulative number of users of Cao Cao Travel has exceeded 120 million.
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