Feishu

China’s technology sector faces new round of lay-offs as global firms Ericsson, Tesla, Amazon and Intel continue to shed jobs

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Swedish telecommunications equipment maker Ericsson’s plans in China will involve cutting about 240 positions at its core network research and development (R&D) facility on the mainland, a company representative said in an email. Ericsson, which last month announced it was axing about 1,200 jobs in its home market, is now “diversifying [its] R&D footprint in … Read more

ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

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While employees have started to receive their bonuses for the past year based on their performance review, those who were rated “M” or higher will be rewarded extra payment of between 5 per cent to 15 per cent of their original bonus, according to Hua Wei, head of human resources at ByteDance, in an internal … Read more