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Posted on August 18, 2022

Tencent’s Workforce Shrinks for First Time in Nearly a Decade

Tencent’s Workforce Shrinks for First Time in Nearly a Decade

Tencent Sales Fall for First Time as China's Economy Sinks
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Tencent Sales Fall for First Time as China's Economy Sinks
ByZheping Huang and Jane Zhang
August 17, 2022 at 1:44 AM PDT
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 estimat