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China's Ageing Tech Workers Hit By 'Curse of 35'
Chinese tech giant Kuaishou is laying off employees in their mid-30s as part of a company-wide restructuring plan dubbed "Limestone," FT reported Tuesday, citing people with direct knowledge of the matter. The move highlights the pervasive ageism in China's tech sector, where younger workers are fav...
Chinese tech giant Kuaishou is laying off employees in their mid-30s as part of a company-wide restructuring plan dubbed "Limestone," FT reported Tuesday, citing people with direct knowledge of the matter. However, tech executives have openly expressed their preference for younger employees, with companies like ByteDance and Pinduoduo boasting some of the youngest workforces in the industry. The economic slowdown and regulatory crackdowns have exacerbated the problem, with tens of thousands of jobs cut across the sector in recent months.
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