China firms cut staff on virus outbreak as Xi vows no large-scale layoffs
FILE PHOTO: People wearing face masks stand on an elevator next to an advertisement of a recruitment platform Boss Zhipin, inside the Xierqi subway station, on the morning after the extended Lunar New Year holiday caused by the novel coronavirus outbreak, in Beijing, China February 10, 2020. REUTERS/Tingshu Wang/File Photo
The move comes even as Chinese President Xi Jinping said the government would prevent large-scale layoffs due to the virus outbreak, which has already killed more than a 1,000 people in mainland China and infected over 40,000. Xinchao Media, which places advertisements in elevators, announced its job cuts in a post on its official WeChat account on Monday, which carried the transcript of an internal speech given by its chief executive, Zhang Jixue.
“I brought in a team to defeat the SARS outbreak in 2003, and overcome the 2008 earthquake but I’m afraid of losing to 2020’s new coronavirus, because the streets are deserted and thus there are no consumers,” he said, referring to two other national crises faced by China in the past.
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