Breaking News! NetEase Guangzhou Interactive Entertainment Lays Off Entire R&D and Design Outsourcing Team The AI wave has finally reached major internet companies. Following ByteDance's complete layoff of its Wuhan team, Tencent, Alibaba, Baidu, Meituan… will they be far behind? The strange thing is: the more you lay off employees, the higher your stock price rises, because everyone knows that layoffs are the right thing to do.