Chinese video platform Bilibili has initiated a new round of layoffs affecting its operations, gaming, and streaming units, with 30% of staff in these teams being let go. The company attributed the move to necessary business adjustments but clarified it does not constitute a large-scale workforce reduction. Affected employees are being offered a compensation package of "N (years of service) + 2" months' salary. Some staff have already departed, while others are negotiating terms, with dissatisfaction centered on the timing at year-end, which reportedly prevents them from receiving an annual bonus equivalent to about three months' salary. The layoffs reflect ongoing adjustments within the competitive Chinese tech and online video industry.
