Chinese tech giant Tencent Holdings has begun a new round of job cuts targeted at its video streaming, gaming and cloud businesses, four sources close to the matter said, reports Reuters. The sources said the layoffs affect three out of Tencent’s six business divisions—platform and content (PCG), which comprises of its video and news platforms, […]
Category: Employment & Education
Financial services company Morningstar is slashing a significant portion of its workforce in Shenzhen and relocating jobs to other countries as part of a restructuring exercise in China, a retreat that reflects a growing global ambivalence over doing business in the world’s second largest economy, reports Bloomberg. Several hundred people among its 1,000-strong workforce in […]
An increasing number of scientists and engineers of Chinese descent are giving up tenured positions at top-tier American universities to leave for China or elsewhere, in a sign of the US’s fading appeal for a group that has been a driver of innovation, reports The Wall Street Journal. The trend, driven in part by what […]
Video-sharing services provider Bilibili is ratcheting up its recruitment of fresh graduates across Southeast Asia, as the Shanghai-based company joins other Chinese tech firms that are expanding in the region amid a slowing economy and tightened internet regulation on the mainland, reports the South China Morning Post. Shanghai-based Bilibili is hiring personnel for content operation […]
Spending by China’s unemployment insurance system reached a monthly record in June on increased benefits to the jobless and payments to employers that kept workers on the payroll, reports Nikkei Asia. Outlays surged to RMB 37.2 billion ($5.45 billion), according to the Ministry of Human Resources and Social Security—3.6 times the year-earlier figure and the […]