Tencent announces layoffs first time in 10 years, fires nearly 5,500 employees - India Today

Tencent employed 110,715 people at the end of June, which is nearly 4.7 per cent down from what was recorded in the month of March.

Tencent announces layoffs after missing quarterly revenue estimates. As reported by Bloomberg, the company employed 110,715 people at the end of June, which is nearly 4.7 per cent down from what was … [+2290 chars]

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