Event | APEVC25 | Super Saver

Microsoft JV Wicresoft to stop China operations, lay off 2,000 staff amid trade tensions

Microsoft JV Wicresoft to stop China operations, lay off 2,000 staff amid trade tensions

FILE PHOTO: A person walks past a Microsoft sign at its office building in Beijing, China May 25, 2023. REUTERS/Tingshu Wang/File Photo

Microsoft‘s joint venture Wicresoft will cease its China operations from Tuesday, a move that will lead to the layoff of about 2,000 staff, Chinese media outlet Caijing reported on Monday, citing sources.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter