Afternoon of December 22nd，In response to the information on the workplace social network platform Maimai about the layoff of 400 people，And related media reports，188bet responded，Stated that the R&D organizational structure will be adjusted recently，Realize unified management。188bet also stated that the above changes do not involve other business segments and lines for the time being。

188bet said the above adjustments are based on strengthening long-term core competitiveness、Strategic planning to continuously improve user experience，Recent adjustments to the R&D organizational structure，Realize unified management。Centralize operations through core projects，Acceleration support products、Improvement of service efficiency。The adjustment process involves normal personnel flow，188bet will strictly abide by relevant national laws and regulations，Ensure the rights and interests of corresponding personnel。

Starting from the 21st，Users certified as “188bet employees” have successively revealed the news on a social platform，The headquarters of 188bet Travel Network in Nanjing suddenly laid off about 400 people at around 9:30 a.m. on December 21，Some entire departments were laid off，The organizational structure has been "bloodbathed"。There are media reports at the same time，These employees were fired without their knowledge，After receiving the notice from the company early in the morning，Required to pack up and leave immediately in the afternoon。

188bet encountered layoffs this time，It may be related to business adjustments brought about by changes in senior management。In addition to being caught in the "layoff crisis"、Poor market performance，188bet has also been rumored to be acquired。November last year，The news that 188bet will be acquired by Ctrip is spreading，In May this year, there was news that JD.com was about to acquire 188bet。

In the past two years，188bet’s development has hit a bottleneck。As the mobile Internet bonus period gradually ends，And Ctrip dominates the domestic OTA world，Second-tier online travel companies represented by 188bet are gaining traffic、Increased challenges in profitability and other aspects。

In the past year，188bet’s stock price fell to as low as 6.USD 69，The maximum is only 9.USD 88。Compared with the peak period，Its market value has shrunk by half。

According to its third quarter financial report released on November 27，Not in accordance with US GAAP，Net profit attributable to 188bet ordinary shareholders in the third quarter was RMB 37.4 million (approximately US.6 million)。This is also the first quarter since 188bet’s listing。But based on the analysis of its receivable sources，188bet’s profit this time mainly comes from financial management。

*Source of this 188bet: TengXun Finance, author: Jin Long, original title: "188bet responds to rumors of 400 layoffs: recent adjustments to the R&D organizational structure》.