Chinese tech giant Baidu has reportedly sacked employees in its mobile ecosystem group, said Technode, citing various local media reports.
The employees who have been affected oversee the company’s search and mobile businesses.
While one local media report said the procedure was part of a “small-scale adjustment” in the company, another report pointed out that 300 people in the company’s gaming department were given the pink slip.
According to a Fitch report, Baidu is expected to see a decrease in profitability over the next 12 to 18 months, as losses from its AI businesses and online video unit iQiyi weigh on the company’s process of reducing debt.
See also: How China has been clamping down on big tech empires
Editing by Collin Furtado and Lorenzo Kyle Subido
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