Huge Losses, Mass Layoffs, IPO Failures: China Tech Giants’ Collapse Signal Arrives

Jul 15, 2026 - 09:49
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A top-performing Xiaomi employee who had worked at the company for nearly nine years recently left her job. In a video she posted, she said she cried alone in her car for a long time. She had spent more than a quarter of her life working for the company, but was eventually laid off.

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