China's Google Baidu Begins Layoffs Hitting Multiple Units After Brutal Q3: Report - Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Chinese tech firm Baidu Inc. (NASDAQ:BIDU) started layoffs this week that will hit multiple business units and are expected to run until the end of this year, according to a report published on Friday. Could Be As High As 40% For Some TeamsWhile the companywide number of jobs being cut could not be established, the layoff numbers varied by business unit and performance ratings and could reach as high as 40% for some teams, Reuters reported. Baidu’s workforce stood at 35,900 at the end of last year, accordin ...