Reports suggest that major Chinese tech companies, including ByteDance and Kuaishou, are laying off more staff than usual, due to regulatory pressure and competition (Coco Feng / South China Morning Post)

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Reports suggest that major Chinese tech companies, including ByteDance and Kuaishou, are laying off more staff than usual, due to regulatory pressure and competition– Companies would lay off more employees than usual for this time of year, causing “panic in a lot of people” …

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