ByteDance’s virtual reality headset maker Pico is conducting a round of lay-offs expected to affect hundreds of employees, according to two people familiar with the matter, hitting a subsidiary once seen as an avenue to future growth outside short video apps TikTok and Douyin, reports the South China Morning Post. The job cuts could affect […]
Category: Employment & Education
Chinese ride-hailing giant Didi Chuxing has initiated a new round of lay-offs affecting hundreds of jobs, according to two people familiar with the matter, as the country’s Big Tech companies continue their restructuring efforts ahead of the Lunar New Year holiday, reports the South China Morning Post. The job cuts will cover nearly every department […]
Short video apps are becoming the second-most popular channel for China’s 400 million blue-collar workers to look for jobs, according to a report by think tank Center for China New Employment Models (CCNEM), and Kuaishou Technology, the second-biggest short video platform in the country, reports the South China Morning Post. Blue-collar workers account for almost […]
The surveyed unemployment rate among China’s urban workers expanded to 5.7% in November from 5.5% the previous month as spreading Covid outbreaks hit major cities, reports Caixin. The November figure was the highest since May, when Shanghai was in lockdown, according to data reported Thursday by the National Bureau of Statistics (NBS). The 31 major […]
Job losses in China’s technology sector show no sign of easing as 2022 nears its end, with video-streaming platform Bilibili and Twitter-like microblogging service Weibo laying off hundreds of employees under the name of “business optimisation” amid a challenging economy, reports the South China Morning Post. While Chinese tech firms rarely admit to slashing jobs […]