Reported about 1 year ago
Popular social app Red, also known as Xiaohongshu, is facing a new round of layoffs targeting employees with performance ratings of 3.5 and below, affecting an estimated 30% of staff. The company has not issued an official statement yet, but insiders reveal that the layoffs are due to dissatisfaction with the company's HR efficiency compared to a competitor. This move comes after a recent shopping festival and is viewed as part of efforts to improve efficiency. Employees are awaiting official notices as the situation unfolds.
Source: YAHOO