Tech crisis exacerbates youth unemployment

Workers are being laid off as China's tech sector is struggling due to the country's weak economic performance in recent times. Throughout 2022, Chinese tech companies have faced a decline in revenues and profits, resulting in cost-cuts in form of massive layoffs. The tech sector's crucial importance as a massive job generator for China’s educated youth makes this a particularly concerning development, especially since industry expectations indicate that the trend will continue in 2023 as well.​

Last updated: 24. July 2025