China's tech layoffs could become a self-inflicted headache for Xi

China's huge tech sector may be staring at its worst jobs crisis ever. The once-freewheeling industry was long the main source of well-paid employment in China, but major companies are now reportedly downsizing at a scale not seen before as President Xi Jinping's government continues its crackdown on private enterprise.The layoffs come as the world's second largest economy is already struggling
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Published on March 31, 2022 21:00
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