Chinese conglomerate Tencent has laid off all of the editorial staff at Fanbyte, an online gaming publication it owned.
This information was posted on Twitter by some affected staff stating that the website’s editor-in-chief, head of media, features editor, social editor, news editor, graphic designer, podcast producer, and authors were sacked.
“Fanbyte employees were laid off slowly, one by one, over several hours,” as reported by TechCrunch
The Fanbyte Instagram bio with a display name ‘forgot the keys?’ read: “Tencent made $35 billion in net income last year and laid off almost every member of child company Fanbyte! Please support the staff elsewhere”.
A Fanbyte employee tweeted on Friday: “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 countless hours, drawing out the delicious psychological torture.”
Last month, Tencent fired 5,500 employees, after posting a revenue of $19.8 billion in the June quarter, down 3 percent which was the first decline since going public.
Tencent downsized its workforce for the first time since 2014. The company attributed the weak performance to “fewer big game releases, lower user spending, and the implementation of minor protection measures”.
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