Skip to content

Morningstar Cuts Hundreds of Shenzhen Jobs in China Shift

  • Decision due to “complex business environment,” said CEO memo
  • Chinese operations to now focus entirely on domestic market
Updated on

Morningstar Inc. is slashing a significant portion of its workforce in Shenzhen and relocating jobs to other countries as part of a restructuring exercise in China, a retreat that reflects a growing global ambivalence over doing business in the world’s second largest economy. 

Several hundred people among its 1,000-strong workforce in the southern technology hub have been affected, the Chicago-based financial services company said on Wednesday.