Beijing-based tech giant Xiaomi has reportedly initiated a new round of layoffs. Furthermore, two enterprises that have received major Xiaomi backing – Black Shark and ZMI – have also been exposed to extensive layoffs.
Tuya Smart, an Internet of Things (IoT) smart product solutions provider, has reportedly been carrying out layoffs involving hundreds of employees since last year.
Didi Global Inc., the Chinese ride-hailing giant, is now implementing the company's long-rumored layoffs. One Didi employee said that the plan will be implemented very quickly.
Chinese beverage chain HeyTea has denied a report on Wednesday that it has been carrying out major internal layoffs, claiming that its adjustment of a small number of employees is part of its normal business operations.
It was a turbulent time, mingled with individual tragedies brought by nationwide policies including family planning and massive layoffs in state-owned enterprises.