Tencent said to target 10% job cuts amid cooling growth, intense competition

Tencent said to target 10% job cuts amid cooling growth, intense competition

Photographer: Qilai Shen/Bloomberg

Tencent Holdings Ltd. is putting about 10 percent of its managers on notice, as China’s largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, according to people familiar with the matter.

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