Full Truck Alliance (YMM) stock surged 5.60% in pre-market trading on Monday, as investors reacted positively to the company's announcement of a significant policy change. The Chinese logistics technology firm has decided to cancel its controversial "Struggle Day" arrangement, effectively implementing a full two-day weekend for its employees.
According to an internal announcement, Full Truck Alliance will no longer require employees to work on the last Saturday of each month, a day previously designated as "Struggle Day." The company emphasized that this adjustment aims to improve employee work-life balance and optimize the overall work experience. However, Full Truck Alliance also stressed that this change does not signal a weakening of the company's competitive spirit, urging employees to maintain their commitment to creating value in the face of intense market competition.
The positive market reaction suggests that investors view this policy shift as a potential boost to employee morale and productivity, which could translate into improved business performance. Additionally, the company's focus on adapting its policies to different development stages and continuous optimization may be seen as a sign of responsive management. While earlier rumors of a potential Hong Kong listing were previously denied, the stock's strong performance indicates ongoing investor confidence in Full Truck Alliance's strategic decisions and future prospects.