layoff Archives - Page 2 of 7

ByteDance’s Gaming Subsidiary, Nuverse, Initiates Large-Scale Layoff

ByteDance's gaming subsidiary, Nuverse, is said to initiate a large-scale layoff starting from Monday.

TCL’s Self-developed Chip Team Disbanded: Unable to Afford Million-RMB Salaries Anymore

On November 21st, according to industry insiders, Mooresilicon, a chip design joint venture under TCL Technology, has been 'dissolved'.

Chip IP Company Imagination Lays Off 20%, Involving the Chinese Market

Affected by global macroeconomic factors, UK GPU chip design technology company Imagination plans to lay off 20% of its workforce worldwide.

SenseTime Lays off Employees in Multiple Departments

On August 28th, recently, multiple current and former employees of SenseTime confirmed that the company is undergoing another round of layoffs, involving some departments, with a requirement for some to leave within one week.

Alibaba Denies Recent Layoff Rumors

On May 25th, Alibaba Group refuted recent rumors of large-scale layoffs. In an official announcement on social media, the company stated that it plans to hire 15,000 new employees in 2023 across its six business units, with over 3,000 of these positions designated for new graduates.

Xiaomi Denies Laying off 90% of Employees over the Age of 35 at Wuhan Headquarters

On May 14th, reports surfaced that Xiaomi's Wuhan headquarters had laid off 90% of employees over the age of 35. However, Wang Hua, General Manager of Xiaomi's Public Relations Department denied these reports.

OPPO Disbands ZEKU Team, May Give up Self-developed Chips

On May 12th, OPPO announced that in the face of global economic uncertainty and an uncertain mobile phone market, after careful consideration, the company has decided to terminate its ZEKU business.

Ford Responds to Rumors of Large-Scale Layoffs in China

In response to layoff rumors, on May 10, Ford China stated to the Chinese media that "China is a crucial market for Ford. We remain committed to promoting sustainable development in our business operations in China.

AI Poses A Threat to Game Concept Artists

On March 2, Huang Yimeng, founder of XD Inc., revealed on social media that there were game companies that had cut their outsourcing concept artists team. He wrote, "AI has actually begun to affect many people's jobs."

Hulu Layoffs Exceed 90% in Beijing

On March 29th, informed sources reported that Hulu, the streaming giant owned by Disney, will lay off over 90% of its staff in Beijing.

Lenovo Reportedly to Cut Legion Gaming Smartphone Business

Gaming smartphones are having a hard time at present. Lenovo's smartphone brand Legion is reported to be completely abolished.

US Chip Designer Marvell to Begin Layoffs in China

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.

Tencent Fires A 47-Year-Old Front-End Expert

Tencent's highest front-end developer, Stone Hang, who had been with the company since 2005, was unexpectedly fired this January at the age of 47. The news, which was first reported on Xiaohongshu, a popular life-sharing platform in China, surprised many netizens.

Google China Starts Layoffs, Compensation Provided

Recently, rumors about layoffs in Google's China division caused some concern. This round of layoffs is mainly hitting senior positions and high-paying employees in an effort to reset the salary standard and reduce operating costs while improving overall work efficiency.