Didi Chuxing Mulls Layoffs

Ride-hailing giant Didi Chuxing is considering layoffs as it grapples with tighter regulations that limit its supply of drivers and cars, joining other Chinese tech companies whittling costs amidst the slowest economic growth in three decades.

While plans haven’t been finalized and the figures may still change before a decision is made, senior managers are looking at cutting headcount at some departments by as much as 20%, according to a person briefed on the discussions. The cuts will come mostly in support services such as human resources and marketing, the person said. The company has more than 10,000 employees globally.