Kuaishou reportedly making major jobs cuts across its key teams · TechNode

Kuaishou reportedly making major jobs cuts across its key teams · TechNode

On Tuesday, Chinese media outlet The Paper reported that Kuaishou is in the midst of a wide-ranging layoff across all major teams, citing unnamed employees at the short video platform. The cuts, which reportedly began last year, affect the company’s main units, including e-commerce, algorithms, globalization, commercialization, and gaming. Kuaishou’s e-commerce team is cutting 10-15% of positions, the algorithm recommendation group 30%, and the globalization team 25%, the sources told The Paper. Earlier reports in early December had stated that Kuaishou was laying off people in the commercialization department. Chinese tech majors have recently been downsizing teams in a slow economy and amid a tighter regulatory environment. [The Paper, in Chinese]



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