Swedish communications equipment maker Ericsson's plans in China include cutting about 240 jobs at its core network research and development (R&D) facility on the mainland, a company representative said in an email.

Last month, Ericsson announced around 1,200 job cuts in its domestic market, but is now “diversifying” [its] “We are conducting research and development in line with sales,” the representative said, adding that the company “continues to engage with customers in mainland China.” Not withdrawn from the market.
The company had previously hinted at a contraction in the economy. 5G Network equipment spending in large markets such as America.
The logo of social media giant ByteDance on a building in Shanghai on March 14, 2024.Photo: Bloomberg
Meanwhile, Chinese big tech companies are already Salary decreased in 2022 And in 2023, to contain costs, many of these companies collaborated with multinationals to further reduce jobs on the mainland.
Tesla employees work at the electric car manufacturer's Shanghai Gigafactory on December 22, 2023.Photo: Xinhua News Agency

Only a few dozen employees were ordered to leave the Shanghai factory, a small fraction of the 20,000-strong workforce that assembles Tesla's Model 3 and Model Y cars, but it's a fraction of the 20,000-strong workforce that assembles Tesla's Model 3 and Model Y cars. The showroom is likely to face closure, the Post reported. It was reported on Tuesday.

Meanwhile, the layoffs announced earlier this month Amazon Web Services Amazon's cloud computing services division (AWS) has affected an undisclosed number of people, according to a report by Chinese media outlet Leiphone. The report said severance pay for some employees was three times the average local salary.

However, an AWS representative said the report was “factually incorrect” regarding compensation. Regarding headcount reductions, AWS has “identified several target areas for the organization” [that it] The company is “committed to supporting our employees as they transition to new roles within and outside of Amazon,” a representative said.

US semiconductor maker Intel is expected to further reduce its workforce on the mainland.Photo: Shutterstock

“A rising wind portends a coming storm,” an AWS employee said on condition of anonymity, quoting an old Chinese poem about negative omens. Another of his Amazon employees in a non-AWS department said some of his colleagues are just waiting to get laid off and receive severance pay.

U.S. chipmaker Intel began new layoffs in its sales and marketing division earlier this month, which could affect mainland China operations as early as this week, according to the Taiwan Economic Daily. The report cited industry insiders. rumor.

Inter did not immediately respond to inquiries Friday.

Despite layoffs across the tech industry, China's overall unemployment rate remains flat. The citywide unemployment rate was 5.2% in March, compared to 5.3% in the first two months of the year.



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