Lay-offs at China’s Big Tech mount under regulatory pressure

A new wave of job cuts is shaking China’s Big Tech firms as 2021 comes to a close, with short video giant Kuaishou, rival ByteDance, and Baidu-owned video-streaming platform iQiyi all said to be trimming their payrolls.While it is common practice for Chinese tech firms to lay off underperformers at year’s end, the job cuts this time appear deeper than usual after a year of harsh regulatory tightening on the sector.Beijing’s Big Tech crackdown takes back seat to economic stability in 2022Hong…

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