China’s tech crackdown fans unemployment worries amid economic headwinds as Alibaba and Tencent prepare to wield the axe

Source: Tech – South China Morning PostChina’s year-long campaign to clip the wings of the country’s Big Tech sector has taken a heavy toll and is now casting a long shadow over the employment market, a development at odds with the government’s goal of creating economic prosperity.The tech sector, which has in the past decade been one of the strongest job-creating sectors in the world’s second-largest economy, is now laden with stories about frozen headcounts and lay-offs, according to industry insiders, jobseekers and local media…Read More

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