Source familiar with Tencent denies rumors of 50% workforce lay-off, saying company management remarks are misinterpreted
Detailed summary
Chinese tech giant Tencent has dismissed online rumors that it plans to reduce 50 percent of its workforce, saying the claims stemmed from a misinterpretation of management remarks about “reorganizing resources to accelerate artificial intelligence (AI) transformation,” a source familiar with the matter told the Global Times on Thursday.
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