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TENCENT LAYOFFS
Ubisoft counts cost of restructuring with record annual lossFrench games giant Ubisoft on Wednesday reported a record annual loss of almost 1.5 billion euros ($1.7 billion) for its 2025-26 financial ...- 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.
- China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...
- Flipkart group CFO Sriram Venkataraman quits amid ecommerce major’s IPO plansVenkataraman, who joined the Bengaluru-based ecommerce company in 2015, is set to step down over the coming months. No successor has been n...
- Alibaba Group lays off dozens of employees to cut costs: reportAlibaba layoffs: China's Alibaba Group has reduced the Yuanjing team, its metaverse arm, as part of a broader reset. The division was set u...
- 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...
- Tech layoffs in 2024: TikTok, Google and Amazon among companies undertaking job cutsThe new year brings more job cuts to the tech industry as layoffs continue in 2024. Thousands of tech and startup employees have been laid ...
- 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...
- Tencent's Riot Games to lay off about 11% of staffTencent's Riot Games plans to lay off 530 employees, about 11% of its staff globally. CEO Dylan Jadeja stated that the company is without a...
- Fintech startup Khatabook lays off 42 employeesKhatabook -- valued at $600 million (about Rs 4,500 crore) after its previous funding round -- is backed by Sequoia Capital (now PeakXV Par...
- Byju’s staffers in a spot as recruiters fail to match payThree employees told ET that there is no internal communication from the management on what is happening with the business, or investors qu...
- Tencent says is making personnel adjustments after report of layoffsTencent, Asia's biggest internet company, told Reuters it was untrue that it planned to disband the business. It said it was making adjustm...
- Tencent Q3 Results: Revenue down 2% year on year to $19 bnTencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30, "as transitional industry...
- Tencent Q3 Results: Revenue down 2% year on year to $19 bnThe Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues of 140 b...
- 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...
- Tencent chief causes stir with repost of article on China's economyThe article, which Pony Ma reposted early on Saturday, lamented that there were few people in China willing to speak up about the pressures...
- 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...
- Hike Messenger lays off 25% of its workforceAccording to a source with knowledge of the matter, the total number of retrenchments could range between 50 and 75 employees across locati...
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