massive layoff Archives

LG Energy Solution Denies Large-Scale Layoffs at Nanjing Factory

LG Energy Solution responded that it is a normal employee adjustment under regular operations, not a large-scale layoff as rumored on the internet.

American Semiconductor Company Vishay Restructures, Closing 3 Factories Including Shanghai

The semiconductor giant American Vishay Intertechnology announced a restructuring, laying off 800 employees and planning to close three factories including the one in Shanghai, China.

IBM: The Closure of the China R&D Department is Final and Irreversible

IBM CEO stated in an internal online meeting for IBM employees worldwide that the closure of the China R&D department is a done deal and cannot be reversed.

PwC Responds to Cutting Staff in China

PwC responds to layoffs of employees in China: "This is a difficult decision, and we have optimized the organizational structure based on market demand."

Perfect World Lays Off Over A Thousand Employees

Recently, a major company in the Chinese gaming industry, Perfect World, has been caught up in a wave of layoffs.

Lenovo Group’s Revenue Fell by 8% in 2023, While Laying Off 7,500 Employees

Lenovo Group Limited released its financial performance for the fiscal year 2024.

FAW-Volkswagen’s Foshan Factory Cuts 565 Jobs with Annual Salary of 110,000 Yuan

FAW-Volkswagen's Foshan factory cuts 565 positions; the official response states that this adjustment will not affect the daily production and operation of Foshan branch.

Kuaishou’s Beijing Gaming Division Has Been Completely Disbanded

Kuaishou has officially disbanded its Beijing gaming division, with only a few employees transferring to other project teams.

NetEase Denies Rumors of Large-scale Layoffs: Normal Business Adjustments

Regarding the rumors about "NetEase initiating large-scale layoffs," an insider from NetEase responded: The news is false and it is a normal business adjustment and personnel movement within the company.

VMware Is Acquired by Broadcom, Employees in China May Receive New Contracts or Severance Pay

Broadcom has acquired VMware for $69 billion. Recently, there have been reports that the Beijing branch of VMware is undergoing trademark changes and personnel adjustments.

Alibaba Denies the Rumor of ‘Laying Off 25,000 Employees’

On November 19th, Alibaba clarified that 'the rumors of layoffs are false.' And Alibaba has reported to the police regarding these rumors.

Texas Instruments Lays Off Its MCU Team in China

Texas Instruments has disbanded its MCU team in China, and relocated the entire MCU product line to India.

Ericsson’s Guangzhou R&D Team Undergoes Layoffs

According to a disclosure by an Ericsson employee on social media, there has been a major personnel adjustment at Ericsson's R&D Center in Guangzhou.

Qualcomm Shanghai Company Is Reported to Face Massive Layoffs

Starting from this week, there have been rumors circulating on major social platforms about the upcoming large-scale layoffs at Qualcomm Shanghai.

Tencent CEO Pony Ma’s WeChat Message Sparks Discussions on Social Media

A screenshot of a WeChat conversation involving Tencent CEO Pony Ma went viral today, trending on Weibo and sparking discussions among industry insiders and netizens alike. According to the chat record, Ma shared an article titled “Discussing Layoffs” in a WeChat group, and noted, “The challenges of the upcoming environment seem quite large, you should […]