21CTO

Dec 5, 2021 · Operations

Why Are China’s Tech Giants Cutting Staff? Inside the 2021 Winter Layoffs

Amid a harsh 2021 winter, major Chinese internet firms such as ByteDance, iQiyi, Tencent, Baidu and others have launched sweeping layoffs, reduced benefits, and tightened KPIs, reflecting a broader industry shift toward cost‑cutting, business line optimization, and a focus on core growth markets.