Didi Freight, the intracity logistics service of Didi Global, could lay off as much as 50% of its staff, reported Pandaily, citing a Jiemian News report.
The company said it may limit its operations to only one or two cities. It began layoffs in November last year.
Launched in June 2020, Didi Freight offers services ranging from shipping to moving with a focus on the intracity freight sector. The firm said that all of its delivery services are covered by insurance.
It was reported in February that parent Didi Global was planning to let go of nearly 20% of its total staff. The firm is going to focus on ride-hailing, vehicle manufacturing, and autonomous driving for growth in the future.
Didi Global’s third quarter revenue had dropped 1.7% compared in the previous quarter amid a crackdown by Chinese regulators that forced many of the ride-hailing firm’s apps to be taken down.
The company is part of a growing list of Chinese tech giants that are reportedly laying off staff, which includes the likes of ByteDance, Alibaba, Baidu, and Tencent.
See also: How China has been clamping down on big tech empires
Editing by Deepti Sri and Lorenzo Kyle Subido
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