China’s Didi is laying off 15% of its staff

China’s Didi is laying off 15% of its staff

China’s largest ride-hailing firm, Didi,

plans to let go 15 percent of its employees, or about 2,000 people this year, sources told TechCrunch.

The cut comes as the beleaguered transportation giant copes with a stricter regulatory environment that puts a squeeze on driver supply and backlash from two high-profile passenger murders last year.

Chief executive Cheng Wei

made the announcement during an internal meeting Friday morning

Didi will scale back its non-core businesses

and step up investments in key areas,

including safety technology, product engineering, offline driver management and international operations.

TechCrunch

https://techcrunch.com/2019/02/14/didi-lay-off-15-percent-staff/