Chinese short video-sharing platform Kuaishou kicked off new round of layoffs as losses expand

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China's leading short video-sharing platform Kuaishou have started a round of layoffs across its major business departments amid expanding losses and increasing competitions.

This round of layoffs will affect Kauishou's operation of main video platform as well as the other four major business units including commercial unit, e-commerce unit, international unit and gaming unit, according to several employees at Kuaishou.