A Didi representative didn’t immediately comment on the job reductions, which were first reported by Chinese media Late Post. The plans have not yet been finalized and could still change. The company has already pared investments in once red-hot businesses like community grocery buying, some of the people said. Some units like Didi Finance, which is expanding outside China, and its autonomous driving business will be less impacted, another person said.
Chinese ridehailing giant Didi Global Inc. plans to reduce its overall headcount by as much as 20% as the troubled tech firm pushes ahead with plans to transfer its stock-market listing to Hong Kong, people with knowledge of the matter said.
Most of the company’s core businesses will be affected by the cuts, which are aimed at reducing expenses ahead of the Hong Kong listing, the people said, asking not to be identified as the information isn’t public. Ridehailing may see staff reductions of up to 15%, one of the people said, though drivers – gig workers who aren’t officially included in the company’s headcount – won’t be affected.
