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US software firm SAS exits China after 25 years, lays off about 400 staff (www.scmp.com)

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US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee affected by the move, as the analytics specialist ended more than two decades of operations amid intense domestic competition and geopolitical tensions. The company on Thursday announced the lay-offs via an email and hosted a short video call, in which executives thanked local employees for their contribution and cited “organisational optimisation” for the...

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