© Reuters. FILE PHOTO: A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang
By David Kirton and Josh Ye
SHENZHEN, China/HONG KONG (Reuters) – Chinese tech giant Tencent Holdings (OTC:) has begun a new round of job cuts targeted at its video streaming, gaming and cloud units, four sources close to the matter said.
The sources said the layoffs affect three out of Tencent’s six business units – platform and content (PCG), which comprises of its video and news platforms, its gaming-focused interactive entertainment department (IEG) and cloud and smart industries group (CSIG).
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