Hong Kong’s Link Asset Management has reportedly laid off at least 50 employees

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The company has told media that it is “streamlining a small number of roles and positions to cope with the challenging operating environment”.

Hong Kong real estate investment and management company Link Asset Management (Link) has reportedly laid off approximately 50 to 60 positions, accounting for around 5% of its local workforce.

In response to HRO about layoffs, the company stated that it is “streamlining a small number of roles and positions" to cope with "the challenging operating environment”. However, they did not specify the exact number of employees affected.

The spokesperson told HRO that Link has shared during the announcement of its full-year results that it is undergoing an operational efficiency drive, which encompasses all “controllable costs” including property, people, operations, and remuneration.

The company emphasised that its approaches are “balanced and disciplined”, ensuring that every dollar spent maximises returns for its unitholders while maintaining high service levels.

It is reported that Link currently has about 1,000 employees in Hong Kong.

Photo / Link's website