Part 5/9:
Many expatriates and long-term residents of Shanghai have expressed deep frustration over their employment situations. Reports of employees having submitted over 100 resumes without securing a single interview reflect a daunting reality. The narrative of layoffs is complemented by the troubling picture of economic instability, with companies downsizing drastically — one individual mentioned a company's workforce plummeting from 1,500 to just 10 employees.