Tencent says is making personnel adjustments after report of layoffs

Tencent Holdings said on Thursday it was making some personnel adjustments after a media report said the Chinese tech company was laying off staff in its recently formed “extended reality” (XR) business.

Chinese tech outlet 36Kr reported on Thursday, citing unnamed sources, that Tencent had notified the unit’s more than 300 staff that they would be given two months to find new internal or external opportunities and that the unit would be disbanded.