9 months ago
US Software Firm SAS Exits China, Lays Off 400 Employees
Imagine a big American computer company called SAS that has been working in China for a very long time, like over 20 years.
Recently, the company decided to leave China.
Because they are leaving, they had to say goodbye to about 400 of their workers there.
The company told these workers about the job cuts through an email and a short video.
They said it was to make the company work better.
As a goodbye gift, they are giving each worker money based on how many years they worked there, like one month's pay for every year.
This is happening as the United States and China are having some disagreements about technology and business.
US software company SAS Institute has exited the Chinese market after over two decades of operations.
Approximately 400 employees in mainland China have been laid off.
The company cited "organisational optimisation" as the reason for the job cuts.
Employees will receive a severance package of one month's pay for each year of service.
The exit occurs amid escalating US-China tensions regarding technology and trade.
- Who
- US software company SAS Institute
- What
- Exited the Chinese market and laid off approximately 400 employees
- Where
- Mainland China
- When
- Recently announced
- Why
- Organisational optimisation, amid escalating US-China tensions over technology and trade
Key facts
- Company
- SAS Institute
- Market Exited
- China
- Number of Employees Laid Off
- Approx. 400
- Reason Cited
- Organisational optimisation
- Severance Package
- One month's pay for each year of service
- Duration of Operations in China
- At least two decades
Quotes
SAS Institute
The American company that has exited the Chinese market
“organizational optimisation”
firstpost.com
