Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BIDU-SW Starts Layoffs After Reporting Quarterly Loss Last Wk: Rumor
Recommend 1 Positive 1 Negative 3 |
||||
|
||||
|
BIDU-SW (09888.HK) began layoffs this week after announcing a quarterly loss last Tuesday (18th), Reuters quoted sources as saying. Multiple departments are affected, and the layoffs are expected to continue until the end of the year. The general consensus within BIDU-SW is that the scale of the layoff will be significant, with the number of layoffs varying depending on the department and performance appraisal, according to sources. Some teams may face a layoff ratio as high as 40%, with the mobile ecosystem team being the most affected. However, positions related to AI and cloud computing will largely be retained, and more resources will be allocated to the AI area. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
