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China’s Big Tech slashed jobs by the thousands in 2022: Reports

China’s Big Tech slashed jobs by the thousands in 2022: Reports

Mar 30, 2023, at 06:26 am

Beijing: China's Big Tech companies witnessed the shrinking of their payrolls in the past year as they streamline their businesses and rein in costs by shedding unprofitable projects to weather Covid-19 restrictions and a year-long regulatory crackdown, their latest financial reports show.