China’s leading video-streaming platform iQiyi said to lay off up to 40% staff

iQiyi

THE WIRE - Up-to-the-minute news updates walk you through every trading day!

iQiyi, one of China's top video-streaming platforms, is said to have started a large-scale layoff, reported several mainland news outlets including Yicai, Sina News and The 21st Century Business Herald on Wednesday.

It's the largest layoff in the company's history, with some departments to be cut entirely and even some profitable departments such as content and smart hardware are also included in the job cut, according to Sina News, citing . . .

 

 

SIGN IN  OR SUBSCRIBE TO GET FULL ACCESS. 

Stop Googling for China market information. Yuan Talks put all market-moving news in one place. You will never again be left in the dark when market moves. Start your FIVE-DAY FREE TRIAL today!

 

Try For Free

Cancel anytime before the free trial ends and you won't be charged.