China

ByteDance said to launch new wave of education job cuts, as employment prospects dim in China’s tech sector




Beijing-based ByteDance, which operates TikTok and its Chinese version Douyin, is expected to cut at least 1,000 jobs at its education unit, marking a sharp contrast to this time a year ago when the tech giant’s thirst for fresh talent seemed insatiable.The move by China’s most-valued unicorn is a sign of dimming job prospects within the country’s technology sector after a sweeping regulatory crackdown by Beijing in the past year. Although Big Tech companies have a reputation for long hours and…



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