Chinese ride-hailing giant Didi will this year lay off 15% of its employees, amounting to around 2,000 people, a move that follows rumors the company made record-breaking losses in 2018.

Sources close to the company told TechNode that Didi CEO Cheng Wei made the announcement at an internal meeting on Friday, saying that the ride-hailing giant would cut headcount and that some non-core businesses would be re-evaluated and cut back if necessary.

Didi declined to comment when contacted by TechNode.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.