Tencent Holdings Ltd is putting about 10% of its managers on notice, as China’s largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, according to people familiar with the matter. President Martin Lau told an internal meeting late last year that its lowest-performing general managers will need to leave the company or be demoted, mainly because not much staff-pruning has occurred in the past, the people said, asking not to be identified talking about a private matter. Jane Yip, a spokeswoman for the company, declined to comment.

Source: The Star March 19, 2019 07:30 UTC