layoff Archives - Pandaily

Shopee Confirms It Required Laid-Off Workers to Compensate for Computer Damage

Shopee, an e-commerce giant with operations in Southeast Asia, reportedly demanded that laid-off employees pay compensation for damaged work computers. Shopee then confirmed this policy.

Sea’s E-commerce Platform Shopee Cuts Staff in China

Shopee, an e-commerce platform owned by Singapore's Sea Limited, will cut some jobs around the world. According to one Shopee employee in Shenzhen, the company has reduced at least one business line in the base to a third of what it was.

Great Wall Motors Denies Breaking Contracts With Fresh Graduates

In response to rumors that Great Wall Motors had rejected fresh graduates, staff of the firm's General Affairs and Personnel Department stated that it was impossible to confirm the authenticity of the news at present.

BOSS Zhipin to Implement New Merit Pay System

Chinese online recruitment platform BOSS Zhipin will implement an internal "361" merit pay appraisal system, and the bottom 10% of employees may be fired.

ByteDance to Reduce 2022-23 Recruitment Plan

ByteDance's CEO Liang Rubo recently updated his personal OKR, which shows that ByteDance is updating its recruitment plan according to business needs and will greatly reduce the numbes it needs throughout 2022-23.

TikTok Shrinks Global Business

People from ByteDance said that the short video sharing app TikTok is adjusting its global business.

Tencent to Continue Layoffs in Second Half Year, Sources Say

Chinese Internet giant Tencent will reportedly continue to cut staff numbers in the second half of this year.

Tesla China Lays Off 10% of Workforce

Many sources are saying that Tesla China has begun a layoff plan in which 10% of the staff will be let go. However, such plan does not involve the manufacturing department.

ByteDance’s Education Business Conducts Mass Layoffs

The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees.

Southeast Asian E-Commerce Giant Shopee Lays off Staff

Shopee, an e-commerce giant in Southeast Asia, is launching a layoff plan.

Crypto Firm BlockFi to Cut Headcount by 20%

Cryptocurrency firm BlockFi said on Monday that it would reduce its overall headcount by about 20% as it takes on a strategic review of its priorities amid difficult market conditions.

Ziroom Lays Off 20% of HQ Staff, Property Count Falls by Nearly 150K

Ziroom, a home rental platform based in Beijing, is reportedly conducting layoffs of around 20% of staff at its headquarters.

Tesla to Lay Off 10% of Staff Globally, Recruitment in China Persists

Regarding the recent news of Tesla's suspension of global hiring, a source close to Tesla China said that no updates on layoffs have been issued, and a massive recruitment drive was conducted not long ago.

Hillhouse Capital Denies Rumors of Indiscriminate Layoffs

Beijing-based investment company Hillhouse Capital is making indiscriminate layoffs, mainly involving employees of varying ranks in the primary market group. A spokesperson for Hillhouse Capital subsequently denied the news.

XPeng Motors Reportedly Undergoes Wave of Adjustments and Layoffs

Chinese new energy vehicle firm XPeng Motors is reportingly conducting organizational restructuring and layoffs across many departments.

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