Chinese tech giants Tencent and ByteDance are implementing a new round of layoffs that affect thousands of employees, The Wall Street Journal reported. Tencent’s job cuts are hitting its core businesses such as videogames and the WeChat social messaging app. ByteDance, which owns TikTok and its Chinese equivalent Douyin, is laying off staff in its videogame and education businesses, according...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
Opinion
startups
economy
SVB Is Dead. Long Live SVB.

We all know how it began. It started on March 9, when the run on Silicon Valley Bank made the innovation economy totter and threatened a global financial crisis. It continued on March 10, when SVB failed and it became clear that anyone who hadn’t gotten their money out yet was stuck, facing payroll in just five days with no clear way to meet it. I cannot recall how many times I told...
Latest Briefs
China Investigates Former Head of Top Chipmaking Firm for Graft
Rippling Raises $500 million to Ease SVB-Linked Payroll Crunch
Coinbase Exploring Overseas Derivatives Trading Platform
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Exclusive
markets
startups
How JPMorgan Maneuvered During the Fall of Silicon Valley Bank
First Look
startups
ai
Boom Times in San Francisco’s AI Underground