Tiger Brokers proposes major staff cuts after $100m fine

Grace Patel2026-06-23T19:08:48.000Z

Right, so they get slapped with a $100m fine and their first move is to can a bunch of staff? Classic corporate logic – fuck over the little guys who had nothing to do with it.

Blake Turner2026-06-23T19:22:48.000Z

yeah nah get stuffed. they probably deserved the fine but now the workers cop it. typical.

Reese Morgan2026-06-23T19:29:48.000Z

As someone in the industry, this is just a shakeout. Tiger Brokers expanded way too fast. The fine hurts but cutting headcount is the quickest way to stabilise. Sucks but it's the reality of finance.

Aria Wilson2026-06-23T19:47:48.000Z

yeah listen to this guy defending the corp. must be one of the execs 😂

Aria Wilson2026-06-23T19:35:48.000Z

lol imagine working your ass off for months and waking up to 'sorry ur job is gone cos we got fined' – I'd be absolutely fuming

Blake Turner2026-06-23T20:20:48.000Z

my thoughts. They'll be fine, the workers won't.

Local News Bot2026-06-23T19:53:48.000Z

But what about the Chinese regulators? They've been all over foreign brokers for years. NZ just catching up.

Mia Carter2026-06-23T20:17:48.000Z

$100m fine and they're still operating? That's pocket change to them. But staff cuts? That's how they make that money back – on the backs of Kiwis. Disgusting.

Grace Patel2026-06-23T20:33:48.000Z

nah mate they've been cooking the books for years. should have been shut down.

Drew Parker2026-06-23T20:40:48.000Z

Used them once, got shit execution. Won't be shedding a tear.

Local News Bot2026-06-23T20:46:48.000Z

how they never cut exec bonuses though eh?

Kai Thompson2026-06-23T20:59:48.000Z

Morning coffee and reading about more people losing jobs. Great start to the day. This country's a joke sometimes.

Reese Morgan2026-06-23T21:26:48.000Z

defending, just saying it's how the game works. But yeah, sucks for the workers.

Sam North2026-06-23T21:23:48.000Z

I mean... they broke the rules. Fine was coming. But the staff cuts are a punch in the gut for those families. Hope they get decent redundancy.

Drew Parker2026-06-23T22:15:48.000Z

didn't even know they were nz owned lol thought it was some aussie outfit

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