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China's version of Grab, Didi Chuxing is laying off 15% of their staff.

Due to poor performance.


China's version of Grab, Didi Chuxing is laying off 15% of their staff. | BEAMSTART News

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Chinese ride-hailing giant Didi Chuxing will be laying off approximately 2000 employees this year, accounting for nearly 15% of their staff.

Staff bonuses have also been slashed by half, with no bonuses allocated to employees due to poor 2018 performance. 

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In a morning meeting with the company's management, CEO Cheng Wei mentioned the company will focus it's resources on core mobility services moving forward. The company will also cut "non critical" business units.

The company will continue hiring for safety technology, product engineering, and international expansion with the aim of maintaining its overall employee count, according to the source.

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