By country
Layoffs in China
5 sourced layoff rounds at 5 companies in China between May 2023 and Sep 2024: 9,300 people in the rounds where a number was given. Each one links to the article or filing it came from. The list covers what we have been able to source, not every cut in the country.
People affected
9K
Where a number was given
Companies
5
With a sourced round
Rounds
5
May 2023 → Sep 2024
Every round, newest first
- Dongfeng Honda−2,000
Honda reportedly offered redundancy packages at its Dongfeng joint venture while suspending production at three Chinese plants.
About the figure: Based on a Bloomberg report citing local media.
Automotive · Source: Yahoo Finance (Just Auto)
- GAC Honda−1,700
Honda scaled down full time production staff at its joint venture with Guangzhou Automobile Group as its China sales fell.
About the figure: Voluntary departures; about 14% of the venture production staff.
Automotive · Source: Yahoo Finance (Reuters)
- Li Auto−5,600(18% of workforce)
Li Auto reportedly cut staff after sales of its Mega model fell short and it lowered its 2024 sales forecast.
About the figure: Local media report, not confirmed by the company.
Automotive · Source: CnEVPost
- Nionumber not given(10% of workforce)
The Chinese electric vehicle maker cut duplicate and inefficient roles, citing fierce competition in the EV market.
Automotive · Source: Electrek
- Alibaba Cloudnumber not given(7% of workforce)
Alibaba cut staff in its cloud computing division as it prepared the unit for a planned spin off and public listing.
About the figure: The 7% applies to the cloud division only.
Big Tech · Source: CNBC
Search every company in the directory, or read how we choose and check events in the methodology.