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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.
Reports surfaced recently alleging that Microsoft will cut its Suzhou division in China, implementing large-scale layoffs with compensation of over 12 months in salary. However, several independent sources confirmed that the news was not true.
Li Auto's representatives have confirmed a substantial reduction in their workforce. The total number of employees has fallen from its peak of over 30,000 to around 22,000 during the latest layoff period.
ZTE, a Chinese technology company that specializes in telecommunications, has reportedly started a round of layoffs involving its wireless research institutes, terminals and other departments.
Since the end of 2021, many business groups operated by Shenzhen-based tech giant Tencent have begun to undergo personnel reductions.
JD.com has no plans for widespread layoffs and is, in fact, continuing to recruit new employees, said an anonymous insider from the company, adding that the total workforce at JD.com presently stands at 590,000.
Here is this week's roundup of China innovation stories. Two IT corridors bridge the gaps in aspects of cooperation between China and India. When seeking and...
Chinese video platform iQiyi had begun laying off employees today which, according to some who had been laid off, is the largest round of layoffs in the company's history to date.
Lam Research, a US-based supplier of chip wafer fabrication equipment and provider of services for the semiconductor industry, has reportedly started to cut 10% or more of its staff in China.
Texas Instruments (TI) recently laid off a chip design team in Beijing. This Beijing team of TI is mainly responsible for the development of low-end power chips, with a team size of about 50 people.
Ericsson confirmed layoffs in China, stating that the layoffs are aimed at aligning with the company's efforts to diversify its R&D footprint in order to better support its global sales.
Marvell, a US-based chip designer, has reportedly decided to dissolve all of its Chinese research and development (R&D) teams. Marvell had already undergone significant layoffs in China in October of last year.