HK01 (香港01) is a Hong Kong-based online news portal launched by Yu Pun-hoi, a former editor of the Ming Pao. According to sources, more than 70 staff have been retrenched yesterday. The employees have been retrenched due to the need for restructuring. The report of the lay-off came after a rumour by RTHK confirming that the company will downsize its team of close to 800 staff by 30% in stages over the next few months.
Notice has been issued yesterday to most staff who have been laid off. They have returned to office earlier today to collect their letters of dismissal.
HK01 is operated by HK01 Company Limited which was established on 10 June 2015. The website went live on 11 January 2016. In 2017, HK01 was criticised by the Hong Kong Journalists Association (HKJA) for deleting an article covering release of new details of the Tiananmen Square massacre by the UK Government Archives shortly after the article’s publication. Pressure from founder Yu Pun-hoi was suspected to have motivated the removal. The article was later republished with a rebuttal, saying that mistakes had been made when verifying the information contained in the original version and denying there had been self-censorship.[