Youzan CEO Ning Zhu, also know as Bai Ya, issued an internal letter to employees, opening a review of the company's business in the past year while comprehensively introducing its future adjustment plan.
Reports surfaced Monday suggesting that Chinese internet security firm Qihoo 360 has recently laid off employees from several departments in a disguised manner.
A number of web users certified as employees at JD.com, a leading e-commerce platform in China, posted that many business lines of the company are laying off employees.
After a wave of personnel changes in October last year, Chinese real estate platform for housing transactions and services KE Holdings (Beike) has conducted another round of staff adjustments this month.
Sources said that from November last year to the end of this month, the overall layoff ratio for employees of Didi Freight far exceeded 20%, and may will reach as high as 50%.
Well-known game developers, including NetEase, Lilith Games, and IGG, have either curtailed development of in-house game projects or have laid off staff.
Recently, employees of Chinese Twitter-like social media platform Weibo said on a domestic job information sharing platform that their company is laying off a significant number of employees and is even asking some to leave voluntarily.
Rumors have recently spread that Zhihu, a Chinese Q&A platform, is laying off employees in a low-key manner. Some reports suggest almost half of the employees in video-related departments have been let go.
SaaS service provider China Youzan has launched its first round of layoffs this month. The first employees to be cut are product and technology R&D staff.
Recently, an apparent employee of Chinese fresh grocery e-commerce platform Meicai reported that the company's Beijing headquarters has laid off 40% of its staff.
