Tuya Smart, an Internet of Things (IoT) smart product solutions provider, has reportedly been carrying out layoffs involving hundreds of employees since last year.
Didi Global Inc., the Chinese ride-hailing giant, is now implementing the company's long-rumored layoffs. One Didi employee said that the plan will be implemented very quickly.
Chinese beverage chain HeyTea has denied a report on Wednesday that it has been carrying out major internal layoffs, claiming that its adjustment of a small number of employees is part of its normal business operations.
It was a turbulent time, mingled with individual tragedies brought by nationwide policies including family planning and massive layoffs in state-owned enterprises.