Bilibili Denies Layoff Reports

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Image Source: Visual ChinaBEIJING, May 20 (TMTPOST) — Chinese video site Bilibili has denied reports of massive layoff on Friday, saying that there are only regular personnel adjustments going on at the company.Citing sources, the Paper reported earlier that Bilibili’s gaming business unit will be laying off 20%-30% of its staff, while some of the project teams may cut 70% of the total jobs.In late 2021,