The layoff announcement mentioned that the 11% staff laid off is global. It's possible a lot of people laid off are actually in China, since Tencent owns 100% of Riot Games. There is a trend for Chinese companies to not hire workers that are over 35 years old, so some of these employees might be unemployed for a long time. Also, Chinese economy is in the crapper right now.
Most are fairly high cost living locations outside the US (ex: Sydney, Tokyo, Seoul, Paris, Dubai). Mumbai and Sao Paulo are not cheap for India and Brazil.
Yeah they kinda just invest and stand back (with west investments at least?), maybe they are conflating tencent with netease. Are they the same parent organization…? Am i a tencent subsidiary?
