In response to rumors that Great Wall Motors had rejected fresh graduates, staff of the firm's General Affairs and Personnel Department stated that it was impossible to confirm the authenticity of the news at present.
Chinese online recruitment platform BOSS Zhipin will implement an internal "361" merit pay appraisal system, and the bottom 10% of employees may be fired.
ByteDance's CEO Liang Rubo recently updated his personal OKR, which shows that ByteDance is updating its recruitment plan according to business needs and will greatly reduce the numbes it needs throughout 2022-23.
People from ByteDance said that the short video sharing app TikTok is adjusting its global business.
Chinese Internet giant Tencent will reportedly continue to cut staff numbers in the second half of this year.
Many sources are saying that Tesla China has begun a layoff plan in which 10% of the staff will be let go. However, such plan does not involve the manufacturing department.
The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees.
Shopee, an e-commerce giant in Southeast Asia, is launching a layoff plan.
Cryptocurrency firm BlockFi said on Monday that it would reduce its overall headcount by about 20% as it takes on a strategic review of its priorities amid difficult market conditions.
Ziroom, a home rental platform based in Beijing, is reportedly conducting layoffs of around 20% of staff at its headquarters.
Regarding the recent news of Tesla's suspension of global hiring, a source close to Tesla China said that no updates on layoffs have been issued, and a massive recruitment drive was conducted not long ago.
Beijing-based investment company Hillhouse Capital is making indiscriminate layoffs, mainly involving employees of varying ranks in the primary market group. A spokesperson for Hillhouse Capital subsequently denied the news.
Chinese new energy vehicle firm XPeng Motors is reportingly conducting organizational restructuring and layoffs across many departments.
Recently, many employees said on social media platforms that Zhihu, an online Q&A platform in China, has been reducing its staff by 20%-30%.
Pandaily has learned from sources that Airbnb is going to stop its operations in mainland China on July 30 and will lay off about 60 local employees.