Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print China tech Wave of layoffs washes over China's tech giants Mass demotion at Tencent follows job cuts at JD.com and NetEase People seen walking in Qingdao, Shandong Province. The once enormously successful Chinese tech companies are struggling to find avenues of further growth.
TAKASHI KAWAKAMI, Nikkei staff writer March 22, 2019 04:29 JST | China
HONG KONG -- China's information technology companies, among the most sought-after workplaces for the country's top talent, are rushing to streamline their workforces as the nation's economy slows.
Shockwaves rippled throughout China's tech sector when news broke on March 19 that
Tencent Holdings will demote 10% of middle managers for falling short of expectations. Take your reading anywhere with offline reading functions Never miss a story with breaking news alerts Customize your reading experience
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapter
Free access for everyone - Sep. 30
Find out more
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.
Accept & Continue