Large-scale layoffs are taking place in all the companies of the world. This series started on Twitter and has reached from Meta to Amazon. Now the name of the legendary Chinese company Tencent Holdings has also been added to this episode. According to information received from sources, Tencent is preparing to lay off people on a large scale. Earlier yesterday, Amazon is also preparing to evacuate about 10,000 people from its place. Looking at this atmosphere of retrenchment around the world, there is a possibility of a recession.
impact on three units
Tencent is preparing to remove employees from its video streaming, gaming, and cloud units. Sources having close knowledge of the matter gave this information. Sources say that this layoff will affect the employees of three out of six units of Tencent. This includes video and news platforms, gaming-focused interactive entertainment departments, and cloud and smart industries groups. Let us tell you that Tencent is a famous internet company in China, which has a different status in the whole world. It is also recognized as a video gaming company. Apart from this, it makes social networks, web portals, e-commerce, mobile games, and multiplayer online games.
Amazon is also cutting 10 thousand jobs
Earlier yesterday, there were reports of 10,000 people being fired from Amazon as well. The New York Times has given information about this. Accordingly, corporate and technology jobs are going to be affected. The job cuts are expected to come from Amazon's device organization, retail division, and human resources division. Let us tell you that soon after acquiring the ownership of Twitter, Elon Musk started firing people from the company. He argued that the company was running at a loss. After this, there have been reports of massive layoffs from Meta as well.
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