Chinese tech giant Tencent has reportedly started a new round of layoffs. Employees at several key business units, including video games, may soon lose their jobs.

Tencent is prepearing a new round of layoffs

What happened?

As reported by Reuters, job cuts will affect three business divisons:

  • Platform and content (PCG) — video and news platforms;
  • Interactive entertainment department (IEG) — video games;
  • Cloud and smart industries group (CSIG).

According to sources familiar with the matter, Tencent informed staff at the IEG division about the upcoming layoffs last week. The scale of the job cuts is unknown.

What are the reasons for mass layoffs?

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