They assure that DiDi, the “Chinese Uber”, will lay off at least 20% of its workforce | Economy

According to the latest DiDi detailed in 2020, it has approximately 16,000 workers and the majority would be in China.

The Chinese technology DiDiknown as the ‘Chinese Uber’, would have undertaken a layoff campaign that would affect around 20% of its workforce, reports the economic news portal LatePost.

According to that medium, the first dismissals occurred in mid-January in the national part of the innovation division, following which DiDi would have launched a staff reduction plan that would affect most of the company’s departments.

Although the proportion varies according to the different affected areas, the average rate of layoffs is around the aforementioned 20%.

According to data offered by the company, at the end of 2020 Didi had nearly 16,000 employeesof which 92.1% are in China.

Precisely, one of the areas that would not have been affected is that of international operations -DiDi is present in several countries, including some Latin American ones such as Brazil, Mexico or Colombia-, which, in fact, would still continue to hire a high number of new employees.

Between January and September 2021, the technological would have multiplied by 14 its net losses up to nearly 7,800 million dollars in the face of an advance in its costs and expenses much higher than its income.

Since the middle of last year, DiDi has been in the eye of the hurricane of the regulatory campaign that Beijing has launched in sectors such as technology, especially following its IPO in New York, carried out in June following apparently ignoring opposition to operation by the Chinese government.

Barely two days following debuting on the New York parquet, the authorities of the Asian giant opened a cybersecurity investigation -still active- once morest DiDi and prohibited the download of its applications and the registration of new users nationwide.

This has caused its share price to plummet more than 72% in just 7 months that the company has been listed in New York.

In fact, in early December the company announced plans to withdraw from the US market and prepare for a new IPO on the Hong Kong stock market.

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