layoff Archives - Page 2 of 6

Bilibili Denies Layoffs as it Cuts Costs and Increases Efficiency

Video streaming platform Bilibili reportedly launched a round of systematic cost reductions. A Bilibili spokesperson acknowledged that some businesses have been adjusted recently, along with various personnel adjustments, but denied any large-scale layoffs.

Evergrande Auto Suspends Salary Payments to Sales Staff

Chinese vehicle manufacturer Evergrande Auto is now in the midst of wage arrears and layoffs after plans were revealed to cut 60% of workers at its Tianjin plant.

Chinese Programmer Fired After Musk’s Code Review of Twitter

One Chinese programmer whose IP address is located at Twitter's headquarters claimed that he was fired because he failed to pass Elon Musk's late-night code review, arousing significant attention on Chinese social media.

Chinese Tech Community in Silicon Valley Faces Dark Cloud of Layoffs

The cumulative number of layoffs in the technology industry so far this year is now estimated to have exceeded 100,000. For the Chinese community, the tide of layoffs in the internet sector has spread anxiety.

TikTok Is Recruiting Laid-Off Meta Employees

Meta announced 11,000 job cuts on November 9. Many affected individuals have since taken to TikTok to share their experiences and feelings of being laid off, and the ByteDance-owned short video platform has even begun to recruit a large number of them.

Chinese Organizations in Silicon Valley Recommend New Jobs for Laid-Off Meta Staff

On the evening of November 9, Meta CEO Mark Zuckerberg announced that the company would lay off 13% of its workforce, affecting more than 11,000 employees. Many Chinese organizations in Silicon Valley have begun to recommend each other for new job opportunities.

Autonomous Driving Firm Pony.ai Cuts China Staff as US Research Heads Depart

Pony.ai, an autonomous driving company co-located in the Silicon Valley, Beijing, and Guangzhou, is undergoing business adjustments.

Huobi Denies Mass Layoffs and Departure of Executives

Reports have emerged claiming that the former CEO and CFO of Huobi, a crypto exchange that has been purchased by a Hong Kong-based investment company, have resigned, and that large-scale layoffs will be carried out. However, this report was then denied by company officials.

US Chip Firm Marvell Cuts R&D Staff in Shanghai and Chengdu

American chip designer Marvell is cutting some R&D roles for its operations in China. The firm did not specify how many employees would be affected by the cuts.

Real-time Interactive Service Provider Agora to Lay Off 30% of Employees

Agora, a Nasdaq-listed real-time voice and video engagement service provider, is carrying out a business adjustment with the "optimized" proportion of personnel positions to be about 30%.

STEPN Denies Mass Layoffs, Devotes More Resources to Parent Firm

Move-to-earn Web3 platform STEPN is reportedly planning to lay off more than 100 moderators, brand ambassadors, and others amid a struggling cryptocurrency market. However, the company said that such reports were "baseless claims that are factually inaccurate."

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.

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