A Chinese multinational technology and entertainment conglomerate, Tencent have laid off the entire editorial workers at their online gaming publication -Fanbyte.
The layoffs have affected the positions of editor-in-chief, head of media, options editor, social editor, information editor, graphic designer, podcast producer, and several other writers.
Tencent workers who have been booted out posted their ordeal on Twitter. “Fanbyte employees were laid off slowly, one by one, over several hours,” reported TechCrunch.
Merritt K on Twitter said, “I see a lot of empathy going out to everyone who was fired today but let’s please also spare some thought for the people who had to fire everyone one by one over the course of countless hours, drawing out the delicious psychological torture.”
“I’m one of the few surviving members of Fanbyte but as what’s left of the site pivots to guides I would love to get out of games media and into actually working on games or other narrative projects, lmk if you’re hiring.” Merritt K added.
I’m one of the few surviving members of Fanbyte but as what’s left of the site pivots to guides I would love to get out of games media and into actually working on games or other narrative projects, lmk if you’re hiring ✌️— merritt k (@merrittk) September 15, 2022
Tencent recorded its first quarterly drop in staffing since 2014, as layoffs rippling via the worldwide tech sector lastly hit the WeChat operator. The company downsized its workforce for the primary time since 2014.
Final month, Tencent fired 5,500 workers. The layoffs were posted after an income of $19.8 billion within the June quarter, down 3% which was the primary decline since going public.
The corporate attributed the weak efficiency to “fewer big game releases, lower user spending, and the implementation of minor protection measures”.
Tencent is the world’s greatest gaming firm and essentially the most precious firm in China. The company is holding a stake in dozens of worldwide recreation studios and gaming corporations such as Riot Video games, Epic Video games, Roblox, Discord, and Pocket Gems.
The company also owns the Chinese language social media super app WeChat and Tencent Music.