ExclusiveChinese ride-hailing giant Didi Chuxing said to start new round of lay-offs affecting hundreds of jobs ahead of Lunar New Year holiday

Didi is expected to slash jobs at nearly every department, including its ride hailing, overseas business and risk management operations

This followed lay-offs that the Beijing-based company conducted in February last year

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Didi Chuxing’s latest job cuts show that restructuring is still under way at China’s Big Tech companies. Photo: Shutterstock

Published: 9:30pm, 12 Jan 2023

Chinese ride-hailing giant Didi Chuxing has initiated a new round of lay-offs affecting hundreds of jobs, according to two people familiar with the matter, as the country’s Big Tech companies continue their restructuring efforts ahead of the Lunar New Year holiday.

The job cuts will cover nearly every department in Beijing-based Didi, including its ride hailing, overseas business and risk management operations. Compensation for the dismissed employees will be calculated based on the number of years of service, according to the people, who said each terminated worker will also receive a month’s salary as part of their release.

The lay-offs followed Didi’s decision last month to trim this year’s budget for many of its departments, one of the people said. Didi’s action has raised some complaints because of the timing, according to one other source, who said employees typically receive their annual bonuses in February.

Didi declined to comment on Thursday.