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iQIYI drops after report of large round of layoffs

Dec. 01, 2021 10:58 AM ETiQIYI, Inc. (IQ)By: Joshua Fineman, SA News Editor5 Comments

Chinese Company iQIYI Debuts On Nasdaq Exchange

Spencer Platt/Getty Images News

  • iQIYI (NASDAQ:IQ) fell 2.1% after a report of a "massive" round of layoffs at the Chinese video platform.
  • Some departments have laid off all of their staff, according to various media reports, including Sina Tech. IQ has

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