China Expands Lay Offs as Ericsson, Tesla, Amazon, and Intel Cut Jobs

And the tech layoffs continue.

Multinational tech firms Ericsson, Tesla, Apple, Amazon, and Intel are slashing jobs, and China is rapidly following.

Ericsson plans to cut approximately 240 positions at its core R&D facility on the mainland. Tesla cuts involve mostly sales staff, while Amazon’s AWS says there are a few areas that need to be streamlined, but employees claim they are waiting for more pink slips.

Intel initiated a new round of layoffs earlier this month at its sales and marketing unit, and according to a report by Taiwan newspaper Economic Daily News, its China operations may be affected as early as this week.

Chinese firms ByteDance, Tencent Holdings, Xiaomi, JD.com, Kuaishou Technology, Didi Chuxing, Bilibili, and Weibo are also cutting jobs.

However, across the tech sector, China’s overall unemployment is flat.