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# Breaking News! NetEase Guangzhou Interactive Entertainment R&D and Design Outsourcing Fully Laid Off
The wave of AI has finally hit the big internet companies. Previously, ByteDance's Wuhan team was completely laid off—how long before Tencent, Alibaba, Baidu, Meituan... follow suit?
Strangely, the more layoffs are made now, the higher the stock prices go, because everyone knows that layoffs are the right move