28/03/2023
Challenging times for Chinese top firms with and both cut over 4,000 roles, while and cut some 20,000 and 10,000 , respectively.
Will Chinese big tech be able to gain momentum and get back on track in 2023?
https://www.scmp.com/tech/big-tech/article/3215010/chinas-big-tech-slashed-jobs-thousands-2022-amid-regulatory-scrutiny-covid-19-controls-and-tough
Baidu and Tencent both cut over 4,000 roles, while Alibaba and Meituan cut some 20,000 and 10,000 jobs, respectively, financial statements show.