Chinese short video player Kuaishou starts mass layoffs as losses double

Chinese short video player Kuaishou starts mass layoffs as losses double

Photo: Xiaoyu Li / Unsplash.com

China’s No. 2 short-video player Kuaishou Technology Co. Ltd. is laying off nearly a third of some departments, becoming the latest of its cohort to fire staff as the sector reels from Beijing’s crackdown on the tech sector.

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