China gaming giant Tencent locks down building after positive covid test and bad sales numbers


The country’s most valuable company reported it employed 110,715 at the end of June, down 4.7% from the end of March in the first staffing cutback since 2014, according to its latest filing. Tencent revealed the net reduction after reporting its quarterly revenue missed estimates.
www.bloomberg.com/news/articles/2022-08-17/tencent-s-workforce-shrinks-for-first-time-in-near-decade

We are primarily funded by readers. Please subscribe and donate to support us!

AC

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.