China's Tencent fires gaming, fintech staff amid miserable first quarter

China's Tencent fires gaming, fintech staff amid miserable first quarter

FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo

Tencent Holdings Ltd. is firing swathes of people from its gaming and fintech departments as massive layoffs that started in March continue, as the tech titan reports weak performance amid a regulatory crackdown and the Covid-19 pandemic.