China Job Cuts
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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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LinkedIn Closes Service in China Amid 'Fierce Competition', Cuts Over 700 Jobs
Social networking firm LinkedIn announced Tuesday that it will close down its last service available in China, citing "fierce competition and a challenging macroeconomic climate". The company had introduced a unique domestic version of the career networking platform operated locally in order to comply.
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LinkedIn Said to Cut Over 700 Jobs, Shut Down China Focussed InCareers App
LinkedIn, the social media network owned by Microsoft, that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.
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LinkedIn To Cut Over 700 Jobs, Phase Out China App
LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.
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20 Million People In China Aged 16 To 24 Out Of Jobs: Report
Currently, in China, about 20 million people aged 16 to 24, are out of work in cities and towns, according to CNN calculations based on official statistics.
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Tencent Cuts 5,500 Jobs in First Quarterly Workforce Decline Since 2014 as Revenue Falls
Tencent on Wednesday reported a drop in revenue to CNY 134 billion (roughly Rs. 1,57,000 crore) in the second quarter, compared to the year before. In the first drio in revenue since the company went public, the firm said profits plunged by 56 percent to CNY 18.6 billion (roughly Rs. 21,800 crore). Tencent also cut around 5,500 jobs down to 110,71...
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Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
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Tesla Cancels Online Recruitment Events for China in June Days After Issuing Notice for Various Roles
Tesla has cancelled three online recruitment events for China scheduled this month for June 16, 23 and 30. The company also withdrew a notification for June 9 recruitment event. The latest development comes days after Chief Executive Elon Musk threatened job cuts at the electric car maker.
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Tesla Cancels June Hiring Events For China After Elon Musk's Job Cut Remark
Tesla Inc has cancelled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.
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Tesla Posts 224 Openings in China Despite Elon Musk’s Warning of Job Cuts in Overstaffed Areas
Tesla announced an online hiring event in China, adding two dozen new job postings for the country. The announcement comes a week after Elon Musk threatened job cuts at the electric car maker.
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Alibaba and Tencent Said to Be Readying Big Job Cuts Amid China Crackdown
Alibaba and Tencent, two of China’s biggest conglomerates, are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the Internet firms try to cope with China's sweeping regulatory crackdown, sources said.
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JPMorgan CEO Made A China Joke. Then Came The Big Damage Control
JPMorgan Chase & Co chief Jamie Dimon knew as soon as the words came out of his mouth that the joke about China could land him in hot water.
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Nokia to Cut Up to 10,000 Jobs Over Next Two Years to Trim Costs and Invest in Research
Nokia said it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.
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Huawei Plans More Cuts to Jobs, Investment in Australia
The Australian operation of Chinese telecommunications equipment maker Huawei Technologies said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.
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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
LinkedIn Closes Service in China Amid 'Fierce Competition', Cuts Over 700 Jobs
Social networking firm LinkedIn announced Tuesday that it will close down its last service available in China, citing "fierce competition and a challenging macroeconomic climate". The company had introduced a unique domestic version of the career networking platform operated locally in order to comply.
-
LinkedIn Said to Cut Over 700 Jobs, Shut Down China Focussed InCareers App
LinkedIn, the social media network owned by Microsoft, that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.
-
LinkedIn To Cut Over 700 Jobs, Phase Out China App
LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.
-
20 Million People In China Aged 16 To 24 Out Of Jobs: Report
Currently, in China, about 20 million people aged 16 to 24, are out of work in cities and towns, according to CNN calculations based on official statistics.
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Tencent Cuts 5,500 Jobs in First Quarterly Workforce Decline Since 2014 as Revenue Falls
Tencent on Wednesday reported a drop in revenue to CNY 134 billion (roughly Rs. 1,57,000 crore) in the second quarter, compared to the year before. In the first drio in revenue since the company went public, the firm said profits plunged by 56 percent to CNY 18.6 billion (roughly Rs. 21,800 crore). Tencent also cut around 5,500 jobs down to 110,71...
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Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
-
Tesla Cancels Online Recruitment Events for China in June Days After Issuing Notice for Various Roles
Tesla has cancelled three online recruitment events for China scheduled this month for June 16, 23 and 30. The company also withdrew a notification for June 9 recruitment event. The latest development comes days after Chief Executive Elon Musk threatened job cuts at the electric car maker.
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Tesla Cancels June Hiring Events For China After Elon Musk's Job Cut Remark
Tesla Inc has cancelled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.
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Tesla Posts 224 Openings in China Despite Elon Musk’s Warning of Job Cuts in Overstaffed Areas
Tesla announced an online hiring event in China, adding two dozen new job postings for the country. The announcement comes a week after Elon Musk threatened job cuts at the electric car maker.
-
Alibaba and Tencent Said to Be Readying Big Job Cuts Amid China Crackdown
Alibaba and Tencent, two of China’s biggest conglomerates, are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the Internet firms try to cope with China's sweeping regulatory crackdown, sources said.
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JPMorgan CEO Made A China Joke. Then Came The Big Damage Control
JPMorgan Chase & Co chief Jamie Dimon knew as soon as the words came out of his mouth that the joke about China could land him in hot water.
-
Nokia to Cut Up to 10,000 Jobs Over Next Two Years to Trim Costs and Invest in Research
Nokia said it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.
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Huawei Plans More Cuts to Jobs, Investment in Australia
The Australian operation of Chinese telecommunications equipment maker Huawei Technologies said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.
