Logo 09 Dec 2021

Another day, another layoff

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Kuaishou, ByteDance’s short video rival, became the latest internet company rumored to be laying off its employees at the end of 2021. According to an insider, Kuaishou is planning on laying off people at the commercialization team. Why? During Kuaishou’s Q3 earnings call, CEO Cheng Yixiao hinted “K...