The logo of Tencent seen at its office in Shanghai on December 13, 2021. Photo: Reuters
The logo of Tencent seen at its office in Shanghai on December 13, 2021. Photo: Reuters
Tencent

Tencent rolls out simplified employee rating system amid job cuts, other cost-saving measures

  • The WeChat owner is simplifying its performance review system to a three-tiered ranking system and reducing the feedback process from twice to once per year
  • Tencent has been introducing a number of new cost-saving measures and reducing headcount since first-quarter profit halved from 2021