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asia

China’s Tencent, ByteDance Implement New Round of Layoffs

By
Juro Osawa
· · Source: The Wall Street Journal

Chinese tech giants Tencent and ByteDance are implementing a new round of layoffs that affect thousands of employees, The Wall Street Journal reported. Tencent’s job cuts are hitting its core businesses such as videogames and the WeChat social messaging app. ByteDance, which owns TikTok and its Chinese equivalent Douyin, is laying off staff in its videogame and education businesses, according...

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