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TENCENT Dismisses Rumors of 8,000 Layoffs; Maimai 'Colleague Circle' Reportedly Experiences Access Issues
2026-11-12 12:20:48 While TENCENT (00700.HK) held its 28th anniversary internal staff meeting yesterday (11th), rumors spread that organizational restructuring and personnel adjustments involve 8,000 layoffs, and that long-serving employees at level 13 were affected, with the most concentrated changes occurring at Hunyuan. However, sources close to TENCENT said the claims are utterly false. TENCENT management proactively expressed determination to accelerate organizational transformation, while specifically emphasizing that this differs from the previous "cost reduction and efficiency enhancement" initiative several years ago. The earlier move was relatively passive and more focused on cost reduction, while the current initiative is a proactive push for the AI era, placing greater emphasis on efficiency enhancement, motivating teams to create new value, encouraging frontline employees to take initiative, and requiring middle management to become flatter and more agile. Addressing the new transformation, TENCENT internally needs to proactively consider new strategies and new battlegrounds, sources said. About 50% of employees are expected to act like an "army", focusing on defending existing territory and improving efficiency in core businesses, while the other 50% are expected to act like a "navy," embracing industry trends, exploring AI Native opportunities, and expanding new development areas. This represents a reallocation of company resources to adapt to the AI era and may also be the source of the misinterpretation behind the rumored "50% layoffs." Separately, Maimai's "Colleague Circle" section last night (particularly the TENCENT colleague community) reportedly experienced access abnormalities, with users saying pages could not load properly. Some users speculated that the issue may have been directly linked to heightened discussion activity following TENCENT's employee meeting. ~ AASTOCKS Financial News Website: www.aastocks.com | |