Bloomberg Businessweek

China’s Lost Tech Generation

• Startup employees are pushing back against a relentless work culture as job losses mount

Terry Hu first sensed trouble at the Beijing gaming startup where he worked when his boss stopped showing up. Then the stockpile of freebies for users—gift cards, plush toys—ran out. The founder finally said funding had dried up for the company. Hu and about two-thirds of his colleagues were fired, he says. “He told us we were the best and brightest, that we might come back and work for the company someday,” Hu says, asking that the company’s name not be disclosed out of fear that it would worsen his career prospects. “It was a load of garbage.” It took him three months to land a job at an English-language

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