Recent rumors about layoffs at some of China’s biggest internet and technology companies have added to Chinese citizens’ anxieties about the economy.
On Maimai, an online Chinese career-networking platform akin to LinkedIn, a user who claimed to be an employee at Sina Weibo posted that the Twitter-like social-media platform will soon lay off 10 percent of its staff.
Chinese media soon reported about the possibility of layoffs, seeking confirmation from Sina Weibo itself. The company didn’t respond, but curiously, posts on Weibo about the rumors were deleted.
