China’s Twitter-like service Weibo responded to rumors of large-scale staff layoffs at the company, stating that they were part of a business adjustment, as reported by Times Finance. On Feb. 18, users working at Weibo began posting on Maimai, a social platform like LinkedIn, stating that they had been laid off, with the news quickly becoming a trending topic on Maimai. A Weibo representative, speaking to Times Finance, denied that these layoffs had happened, saying that the company is making structural adjustments and will reassign employees involved. The Weibo representative added, however, that if there are no appropriate vacant jobs available, employees will have their contracts terminated. [Time Finance, in Chinese]