bingocasinogames| Drip Irrigation responds to layoffs: The new strategy requires adjustments to the organizational structure involving more than 100 employees

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[Drip Irrigation responds to layoffs: The new strategy requires adjustment of the organizational structure involving more than 100 employees] Securities Times NewsbingocasinogamesDrip Irrigation recently issued an internal letter to employees, announcing that more than 100 of its employees will be replaced and laid off. In response to this, on May 22, Drip Irrigation Tong said in response to a Securities Times reporter thatbingocasinogames.bingocasinogames..

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[Drip Irrigation responds to layoffs: The new strategy requires adjustment of the organizational structure involving more than 100 employees] Securities Times News reported that Drip Irrigation recently issued an internal letter to employees, announcing that more than 100 of its employees will be replaced and laid off. In response to this, on May 22, Drip Irrigation Tong responded to a Securities Times reporter and said that as a startup company, this was one of the most difficult decisions we had to make since Drip Irrigation Tong was established. The company said that the original intention of drip irrigation was to build a new infrastructure for trading markets. In the past two years, direct investment with own funds to create a model has progressed smoothly and has grown too fast in inertia. The management did not have a deep understanding at that time, and although it was aware of it, it did not control it enough. As a licensed exchange, it must always reserve sufficient long-term strategic reserve capital to leave more time and space for market development, and then successfully achieve its mission of investing large amounts of money in small stores. Since the release of the "Drip Irrigation Connect General Standards for the Australian Exchange" in January this year, Drip Irrigation Connect has fully focused on the operation of the exchange platform, fully releasing the power of the market and is no longer suitable for continuing to maintain high-speed self-owned capital investment. Therefore, the relevant manpower and resources allocated in advance for direct investment in the early stage are not very suitable for the new tasks in the new stagebingocasinogamesYes. "Keeping sufficient strategic capital also means that we must strictly control our operating costs at all times. This is the fundamental reason why we have to make adjustments to reduce staff." Drip Irrigation Tong said. According to the reporter, in mid-May this year, Drip Irrigation sent a letter to employees, announcing the company's latest strategic plans, namely the "Pioneering Plan" and the "ETF Plan." It is reported that the company's overall structure will be completed by the end of May. The strategic plan is to focus on market construction and trading platform development, including promoting more market investor participation, central trading system ETFs, as well as information disclosure, valuation, risk control and post-investment asset management, etc., in order to attract and empower more participants to participate in the drip irrigation ecosystem centered on the ASX. With the launch of the company's "secondary rocket" strategy, the organizational structure of relevant departments of the company also needs to be adjusted accordingly. This adjustment includes job changes and layoffs, involving more than 100 employees in offices in different regions. The company provides employees with N+3 severance compensation. Proofread by: Zhao Yan

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