Lay-offs at China’s Big Tech mount with Kuaishou, iQiyi said to be joining ByteDance in job cuts

//Lay-offs at China’s Big Tech mount with Kuaishou, iQiyi said to be joining ByteDance in job cuts

Lay-offs at China’s Big Tech mount with Kuaishou, iQiyi said to be joining ByteDance in job cuts

A new wave of job cuts is shaking China’s Big Tech firms as 2021 comes to a close, with short video giant Kuaishou, rival ByteDance, and Baidu-owned video-streaming platform iQiyi all said to be trimming their payrolls.While it is common practice for Chinese tech firms to lay off underperformers at year’s end, the job cuts this time appear deeper than usual after a year of harsh regulatory tightening on the sector.Beijing’s Big Tech crackdown takes back seat to economic stability in 2022Hong…

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By | 2021-12-08T12:00:19+00:00 December 8th, 2021|Technology|Comments Off on Lay-offs at China’s Big Tech mount with Kuaishou, iQiyi said to be joining ByteDance in job cuts