Kuaishou slashes employee benefits after layoff reports · TechNode

Kuaishou slashes employee benefits after layoff reports · TechNode

Short video app Kuaishou is cutting employee perks to limit internal spending after Chinese media reported the company started a round of layoffs in early December. The company will narrow down housing subsidies, only offering employees less than three years of service, starting next February. It will also cancel free meals and afternoon tea breaks next year. However, the company will expand maternity benefits, pledging to offer maternity allowance up to RMB 3,000 ($470) to employees. [The Paper, in Chinese]



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