Kuaishou Rumored to Lay Off 30% of Employees in Near Future
According to some users on Chinese professional networking site Maimai, popular domestic video-sharing platform Kuaishou will lay off 30% of its employees in the near future, while staff cutbacks in its international business have already started.
A large number of employees earning more than 1 million yuan ($157,000) in annual salary have been laid off.
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