Pay cuts but no lay-offs for now: how China’s tech firms are coping with the coronavirus downturn

Pay cuts but no lay-offs for now: how China’s tech firms are coping with the coronavirus downturn

Squirrel temporarily closed 2,000 offline schools and moved 200,000 students to online classes within 15 days Uxin said in the post that it has requested that some employees take temporary leave with a ‘cost-of-living allowance’ Commuters wearing protective face masks wait for buses at a stop in the Central Business District in Beijing, Monday, March 2, 2020. China’s manufacturing plunged in February as antivirus controls shut down much of the world’s second-largest economy. Photo: AP

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