Reports suggest large Chinese tech companies like ByteDance, Kuaishou, and iQiyi are laying off more staff than usual, amid regulatory pressure and competition (Coco Feng/South China Morning Post)

Coco Feng / South China Morning Post:
Reports suggest large Chinese tech companies like ByteDance, Kuaishou, and iQiyi are laying off more staff than usual, amid regulatory pressure and competition  —  Companies are reportedly laying off more employees than usual for this time of year, setting off “panic among a lot of people” …

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