Posts Tagged: layoffs

renren layoff

Report: More Layoffs at Renren, Signs of a Strategic Shift?

Renren, ‘the Facebook of China’, has been struggling a bit over the last few years as its users spend more time on hipper (and m...

  • May 11, 2013
  • at 9:00 am
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Are There Really Layoffs at Renren?

No one would deny that China’s once-premier social network Renren (NASDAQ:RENN) has been losing some of its shine of late. Its losses ...

  • December 4, 2012
  • at 2:05 am
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24Quan, Once China’s 5th-Biggest Daily Deals Site, Suspends Operations

The troubled Chinese daily deals site has announced that it is suspending its business for a few weeks – and that it “...

  • October 19, 2012
  • at 8:20 pm
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Motorola Confirms China Layoffs, Reaches Deal with Protesting Staff

Rumors have been swirling of major Motorola layoffs for a while now, and they exploded into protests last week when Motorola Mobility/Google...

  • August 21, 2012
  • at 11:45 pm
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zte mobile asia expo shanghai

ZTE Profits Slide, But What’s the Cause?

Chinese handset maker and general telecommunications megacorp ZTE recently released first half estimates for this year that would make even ...

  • July 17, 2012
  • at 12:00 pm
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Employees Say Groupon China Closes More Branches, Lays Off Workers

I’ve seriously run out of ways to begin these “troubled group buy site” stories. But while it seems none of these sites ar...

  • December 21, 2011
  • at 1:30 pm
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Layoffs and Closings for 55tuan; Group Buy in China Hurting

55tuan, one of China’s largest group buy sites, has become the latest to fall victim to large scale office closings and layoffs. Follo...

  • October 13, 2011
  • at 2:00 pm
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ZTE Responds to Rumor that Big Layoffs Coming in 2013, Kind of Denies It

In response to a report quoting anonymous sources in Investment Bulletin suggesting that ZTE would lay off as much as twenty percent of its ...

  • March 12, 2013
  • at 10:00 am
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ZTE Denies Layoff Plans, But Posts Huge Q3 Losses

ZTE has not been having a great month. After being accused by US lawmakers of spying (which is bad enough), it announced its projected third...

  • October 23, 2012
  • at 3:00 am
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Vancl Lays Off Rufengda Delivery Staff, Pulls Service from Most Cities Nationwide

Rumors of cuts at Vancl have been swirling for a while now, but until yesterday, the company had denied them. Now, after Sina Tech published...

  • August 31, 2012
  • at 11:52 pm
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Rumor: Lenovo Looking to Close Shenzhen Factory [UPDATE: Lenovo Denies Rumors]

Lenovo is the world’s second-biggest PC company (and it’s got its eyes on the number one spot), but even that sort of success ma...

  • August 1, 2012
  • at 1:00 am
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Rumor: The9 in Dire Financial Straits, Big Layoffs in Some Departments

Chinese game developer/publisher The9 (NASDAQ:NCTY) may be in some trouble. Rumors are floating around that the company has made big staff c...

  • April 12, 2012
  • at 8:50 pm
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Chinese Group Buy Scam: 24quan Closing Offices, Withholding Wages, Ignoring Debts

Last month at Techcrunch Disrupt, Du Yinan of the group buy site 24quan surprised us all by saying that even in the midst of a market so har...

  • November 16, 2011
  • at 3:00 pm
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Report: DHGate Cuts Staff, Some Departments Down 50%

DHGate may be the latest in the string of high profile Chinese e-commerce companies to make high-profile staff cuts. First it was Groupon Ch...

  • September 9, 2011
  • at 1:52 pm
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