Layoffs at China’s Internet Giants Indicate a Deeper Dilemma

The wave of layoffs in Chinese internet companies is intensifying, with JD.com becoming the center of attention. According to a document that has been circulating online, JD.com’s layoffs cover a wide range of business lines. The e-commerce company’s subsidiaries such as Jingxi, JD Worldwide, JD Retail, JD Logistics, and JD Technology have set layoff ratios, most of which are between 10 to 30 percent, with up to 100 percent of staff laid off at Jingxi Guangdong. Some media quoted senior insiders of JD.com as revealing that the layoffs have indeed started. JD.com has said this is just “normal optimization” of the business sector.

Read more