Repeated rumors of tech layoffs since this year have made those in big tech companies psychologically prepared.
Tech Workers Are Resigned to Layoffs — Sixth Tone RSS
No surprise really that China, who has depended on 5% economic growth every year (or more in the early days), is slowly winding down the wild west, frontier days of their Internet behemoths, Weibo, Tencent and Alibaba. These companies gained dominance, now they can consolidate and cut costs by dumping workers. It’s all about the marginal returns now in China’s cloud services industry.
Carpet Bomberz Inc. 