Chinese tech giant Kuaishou is laying off employees in their mid-30s as part of a company-wide restructuring plan dubbed “Limestone,” FT reported Tuesday, citing people with direct knowledge of the matter. The move highlights the pervasive ageism in China’s tech sector, where younger workers are favored for their perceived willingness to work long hours and keep up with the latest technological developments, the report adds.
While China’s labor law does not explicitly prohibit age discrimination, some have interpreted it as such. However, tech executives have openly expressed their preference for younger employees, with companies like ByteDance and Pinduoduo boasting some of the youngest workforces in the industry. The economic slowdown and regulatory crackdowns have exacerbated the problem, with tens of thousands of jobs cut across the sector in recent months. Those over 35 face significant challenges in finding new employment, as even the civil service and service sector prioritize younger applicants. The situation has left many older tech workers anxious about their future job prospects, the report adds.
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