Tencent Holdings is planning job cuts affecting two of its six major business divisions, though the size of the workforce reduction will be smaller than expected, multiple sources from the company told Caixin.
The tech giant will cut jobs mainly in its Cloud & Smart Industries Business Group (CSIG) and the Platform and Content Group (PCG), reflecting slowing growth momentum of related businesses, the sources said. The company didn’t comment on the matter.
A Tencent staffer said the job cuts are a normal internal optimization. “In a company with more than 100,000 employees like Tencent, changes involving thousands of positions every year are normal,” the person said.
The background: Word circulated in recent days that Tencent was planning to terminate as many as 30% of its employees, sparking concerns over its business amid growing headwinds facing China’s tech sector.
Tencent’s cloud and content divisions showed weaker growth in 2021 after rapid expansions, promoting personnel reshuffles, a company source said. Continue to read the full article here
Sign up for our newsletter right now to have breaking news and the best stories of China Film Insider delivered to you.
China Film Insider reports on and writes about the people and companies making movies that soon may help to bridge the gaps in understanding between China, the United States, and the rest of the world. We work in Beijing, Los Angeles, and New York.
Sign up for our newsletter right now to have breaking news and the best stories of China Film Insider delivered to you.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Tencent to Trim Workforce for Online Content and Cloud Business | – China Film Insider
How do I find SEO services
Dominate search engine result pages, crush your competition, get more sales, and be the #1 provider in your service area. Work with Top SEO Agency in Dublin that also provides quality Digital Marketing Optimisation services. Our Search Sngine Optimisation Consultants will improve your site performance in all major search engines by implementing the Best SEO Solutions, Strategies and Techniques. Let us help you increase organic traffic, get more leads, more customers, and grow your revenue with a customised affordable SEO package.
