No mass layoffs at internet companies, says NDRC

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The recruitment and employment of internet enterprises are generally stable, without large-scale layoffs, said Meng Wei, spokesperson of the National Development and Reform Commission, at a news conference on Tuesday.

Meng said the NDRC has conducted research in a variety of ways recently, including meetings with relevant enterprises and industries, without finding large-scale layoffs at internet companies as reported earlier by some media.

The external environment is complex at present, and the economy is facing downward pressure due to changes. This pressure will be transmitted to the employment sector to some extent, the spokesperson added.

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