
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.
Showing 9 of 21 posts with this tag
Starting from this week, there have been rumors circulating on major social platforms about the upcoming large-scale layoffs at Qualcomm Shanghai.
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.
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.
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.
LG Energy Solution responded that it is a normal employee adjustment under regular operations, not a large-scale layoff as rumored on the internet.
Tuya Smart, an Internet of Things (IoT) smart product solutions provider, has reportedly been carrying out layoffs involving hundreds of employees since last year.
It was a turbulent time, mingled with individual tragedies brought by nationwide policies including family planning and massive layoffs in state-owned enterprises.
On November 19th, Alibaba clarified that 'the rumors of layoffs are false.' And Alibaba has reported to the police regarding these rumors.
Recently, a major company in the Chinese gaming industry, Perfect World, has been caught up in a wave of layoffs.