Tencent continued to reduce headcount in the third quarter as tech companies around the world cut back amid economic headwinds. Photo: Shutterstock
Tencent continued to reduce headcount in the third quarter as tech companies around the world cut back amid economic headwinds. Photo: Shutterstock
Tencent

Tencent cuts nearly 1,900 jobs in the third quarter as tech giant struggles under Beijing scrutiny in slowing economy

  • Tencent is continuing to lay off workers after slashing 5,500 jobs in the second quarter as it seeks to control costs
  • The social media giant reported a 2 per cent slump in revenue amid a weakening economy that has hit the global tech sector

Tencent continued to reduce headcount in the third quarter as tech companies around the world cut back amid economic headwinds. Photo: Shutterstock
Tencent continued to reduce headcount in the third quarter as tech companies around the world cut back amid economic headwinds. Photo: Shutterstock
READ FULL ARTICLE