November 06, 2024 04:51 (IST)
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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

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.

Unemployment: China witnessing rise in layoff in IT sector

Unemployment: China witnessing rise in layoff in IT sector

Beijing: China is witnessing a spike in unemployment as several tech companies in the country have started laying off employees.