(Protocol) China’s ride-sharing giant Didi Global has started massive layoffs targeting about 20% of its staff.
The layoff is said to affect most teams at the company, including those in ride-hailing, freight transport, and bike-share.
The team managers have reportedly been given layoff orders, with the processes expected to be complete before the end of February.
Didi’s globalization unit and its autonomous driving unit are the only departments said to escape the massive layoff.
The ride-hailing giant is now seen to reflect an industry trend, with most Chinese tech companies eyeing layoffs after strict regulators.
Didi had more than 15,000 employees by the end of 2020, with the layoffs coming at the back of entanglements with Beijing that saw it announce the process of delisting from the NYSE last year.
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