Original link: https://www.williamlong.info/archives/6807.html
Tencent is in the midst of a new round of layoffs. A number of Tencent people from different business lines said that most of the business groups are currently laying off staff, including Tencent Cloud, game business, advertising business, content business, etc., and the investment department has not laid off staff yet. Among them, Tencent game business people said that the proportion of layoffs is about 10%. In March of this year, Tencent’s CSIG business has already been laid off, with a ratio of about 15%.
On May 19, the day after the release of the financial report for the first quarter of 2022, Tencent announced the adjustment of the organizational structure of the sports business department and issued the “Notice on the Adjustment of the Organizational Structure of the Sports Business Department of OVBU”. It is reported that OVBU refers to Tencent Online Video Division, which belongs to Tencent Platform and Content Business Group (PCG).
In this notice, it is pointed out that the basketball operation group, football operation group, comprehensive sports operation group, marketing center, product center/value-added product group, platform R&D center/recommended platform group and platform R&D center/image and algorithm group Large business groups, all cancelled. And in Tencent’s internal letter, “the reason for this change is based on changes in the external market environment and the adjustment needs of the company’s business, combined with Tencent’s decision to optimize the overall organization.”
Previously in March, Tencent Cloud and Smart Industry Group (CSIG) and Platform and Content Group (PCG) had a layoff, with an overall ratio of about 15%. At that time, an insider revealed that some business groups were indeed being optimized, but not all departments were involved, and there were still positions being recruited.
However, it is worth noting that Tencent has previously announced several key performance data. It shows that Tencent has 68,226 employees in 2021, compared with 51,350 in the previous year, which means that the overall number of Tencent employees is still growing.
In addition, before Tencent recently released its unaudited financial report for the first quarter of 2022, Ma Huateng pointed out in the 2021 “Tencent Sustainable Social Value Report”, “At present, Tencent is facing a new stage of coexistence of challenges and development. On the one hand, The growth rate of revenue and profits has slowed down; on the other hand, we also believe that we can use this to shift gears to create higher-quality development—that is, to focus more on the origins centered on user value, technological innovation and social responsibility, and more Adhere to the vision of science and technology for good.” According to the 2022 first quarter financial report, Tencent’s revenue in the quarter was 135.5 billion yuan, the same as the previous year, and its net profit was 23.4 billion yuan, down 51% year-on-year. Operating in accordance with non-IFRS Profit (ie, main business profit) was 36.5 billion yuan, a year-on-year decrease of 15%, total profit was 26.3 billion yuan, a year-on-year decrease of 24%, and Non-IFRS net profit was 25.5 billion yuan, a year-on-year decrease of 23%.
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