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