The two largest Chinese livestreaming platforms, Huya and Douyu, are both planning a large round of layoffs as the tech sector continues to be hit hard in China. Tightened restrictions on the games and tech industries, plus other issues, have lead to a spate of layoffs in the country, Technode reports. Tencent is invested in both companies and has been so in many of the companies performing layoffs.
Huya plan to cut 70% of their 200-person international arm, and 20% of the rest of their business. Douya will be cutting 30% of staff company-wide. Both are according to unnamed sources within the companies, but Douya confirmed the layoffs would happen, calling them “normal human resources optimization.” Love to be a normal optimization of the machine.
