Tencent’s Riot Games (TCEHY, 0700.HK) announced it will lay off about 530 employees, 11% of its staff. Tencent’s Riot Games joins several other tech companies that have announced large layoffs, rounding the number to 11,000 employees in 2024, according to Layoffs.fyi. Roger Lee, Layoffs.fyi Creator, lists the catalysts behind the tech layoffs, AI’s influence, and the outlook for the tech market job sector. Lee joined Yahoo Finance Live on January 23, 2024.
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