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TENCENT JOB CUTS
Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.- ByteDance agrees to sell Moonton to Savvy Games for $6 billionByteDance has agreed to sell Moonton to Savvy Games Group for about $6 billion, shifting its focus to generative AI. The Beijing company wi...
- Exclusive: IPO-bound Flipkart completes reverse flip; shifts domicile from Singapore to IndiaFlipkart has completed its reverse flip, moving its domicile from Singapore back to India after receiving approvals, including from the NCL...
- IPO pipeline worth $1 billion builds for India used-car startupsIndian online used car vendors like CARS24, CarDekho, and Spinny are streamlining operations and divesting from secondary ventures to prepa...
- Asian stocks rise, dollar pares losses after slumpEquities rose in Japan, South Korea and Sydney, with futures pointing to a soft open in Hong Kong. US contracts edged higher in Asia after ...
- 'Grand Theft Auto' maker Take-Two to lay off 5% of staff, scrap some projectsTake-Two Interactive Software plans to cut 5% of its workforce, around 600 employees, and cancel projects to achieve $165 million in annual...
- TikTok owner ByteDance's profit jumps 60% in 2023 amid worries of US banByteDance Ltd. witnessed a remarkable 60% surge in profits in 2023, surpassing industry giants Tencent Holdings Ltd. and Alibaba Group Hold...
- Sony to lay off 900 PlayStation employees, shut London studioSony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London. The layoffs come after Sony slashed the annual sale...
- Layoffs in 2024: List of companies that announced job cuts so far this yearAccording to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companie...
- Massive spike in unemployment coming soon; layoffs in America hit over 120,000Corporate America is drastically reducing its workforce as part of its restructuring efforts to prepare for a probable economic downturn br...
- China's Tencent starts new round of layoffs: reportLayoffs will affect three out of Tencent's six business divisions - platform and content (PCG), which comprises of its video and news platf...
- Legendary China bets unwind as Warren Buffett, SoftBank, Naspers sellBig-name investors who’ve made billions from Tencent Holdings, Alibaba Group Holding, and BYD Co., are taking money off the table.
- Alibaba cuts a third of deals team staff after regulatory crackdown: reportAlibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, said two of the...
- From Tesla to Peloton, companies slow hiring as economy sputtersThe billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce,...
- Tencent posts slowest-ever sales rise; regulation impact set to easeTencent Holdings, which gets much of its revenue from gaming and develops games such as 'Honour of Kings' and 'Call of Duty Mobile', said d...
- China's tech crackdown wreaks havoc in jobs marketOver the past year, China has launched a relentless crackdown on big tech firms, with a raft of new regulations aimed at curbing consumer r...
- Hike looks to strengthen product, design, engineering, user research teamsThe company has also kickstarted the second edition of its programme ZeroTo2 - designed to hire freshers and young talent including enginee...
- TikTok's parent, ByteDance, launches global hiring spree with 10,000 new jobsLike rival Tencent Holdings Ltd, ByteDance’s social media channels have seen usage spike after the Covid-19 pandemic confined millions of p...
- Trade war and censors blow chill wind through China's giant tech sceneNow the market is feeling the pinch. Hiring numbers are down, company margins are thinner and tumbling technology stocks have wiped nearly ...
- Flipkart said to raise $1 billion with plans for $1 billion moreThe 10-year-old startup is fighting for its life against Amazon.com Inc. and other rivals looking for a piece of the fast-growing India mar...
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