Tencent's Riot Games division cuts 11% of staff to 'create focus'
Publishing timestamp: 2024-01-22 20:18:45
Summary
Tencent's Riot Games is cutting 11% of its workforce and scaling back on its division that publishes games from small developers. The company is facing a slowdown after a boost during the pandemic. Riot Games will be reducing headcount for its Legends of Runeterra game and pulling back in its Forge division. Tencent has seen a decline in revenue growth and has encountered challenges recently.
Sentiment: NEGATIVE
Tickers: SONY, TME, AMZN, 1698-HK, 6758.T-JP, 700-HK, GOOGL, MSFT,
Keywords: business news, sony group corp, alphabet inc, tencent music entertainment group, business, tencent holdings ltd, technology, amazon.com inc, microsoft corp, enterprise, breaking news: technology,