Tag: layoffs

chinese clothing factory in jiangsu province
Layoffs Increase in China as Multiple Industries Get Hit By Tougher Regulations
Over the past year, Beijing has imposed a plethora of regulations on industries ranging from tech, finance, education, property, and gaming. While China’s decisions have rattled global markets and investors alike, President Xi Jinping sees...
China’s Tech Industry Seeing Largest Round of Layoffs as Beijing’s Sweeping Crackdown Continues
As Chinese leader Xi Jinping’s crackdown on the country’s Big Tech sector continues, Beijing’s regulators are upping the heat on a heavily saturated internet sector, adding financial pressure to tech companies already impacted by profit...