Efficient Ops

Aug 21, 2026 · Industry Insights

Chinese Tech Layoffs, GitHub Outage, Yushu Tech Stock Crash, TikTok Food Delivery Game – Weekly IT News

This week’s IT roundup covers a major Chinese tech firm’s sudden layoffs, a seven‑hour‑plus GitHub outage caused by load‑balancer saturation and a client bug, Yushu Tech’s 18.7% stock plunge on its second day of trading, TikTok’s new “Chancat Delivery” game, ByteDance’s Seed re‑org, the launch of GLM‑5.3 API, the shutdown of Red Candle Story, and rumors of an iPhone 18 launch date.