China ride-hailing giant Didi to lay off 15% staff this year

FILE PHOTO: The company logo of the Didi Chuxing ride hailing app is seen on a car door at the IEEV New Energy Vehicles Exhibition in Beijing, China October 18, 2018. REUTERS/Thomas Peter/File Photo

Beijing-based ride-hailing giant Didi Chuxing will lay off 15% of its staff this year, or about 2,000 employees, a source familiar with the matter shared.

During a morning meeting with Didi management, its CEO Cheng Wei said the company will spend 2019 focusing on its core mobility services and cut business units it considers not critical to its main ride-hailing business, the source added.