Tencent-backed VIPKid Denies Cutting 50% of Staff Across Various Teams

VIPKid’s workforce shrank to less than 7,000 in May, compared with 12,000 employees in 2019. (Source: 6donews)

Chinese online education startup VIPKid admitted that it has recently enacted a series of personnel adjustments but denied cutting 50% of its staff members across various departments.

A report published on Monday by Chinese tech news outlet 36Kr …