BEIJING, December 3 (TMTPOST) — Chinese online video platform iQIYI is reportedly planning to lay off 20% to 40% of its employees, according to internal sources on Chinese professional networking platform Momo. About 1,544 to 3,088 employees will be laid off if the rumors prove to be true. iQIYI had 7,721 employees at the year-end of 2020. Employees who are older, have stayed with the company for longer years or take higher salary from the company are reportedly the main targets for the layoff plan. Employees that are still in their probation period will also be laid off. Some departments...