Wednesday, 25 October, 2023
Tencent Initiates Layoffs at Roblox China Operations Amid Regulatory Pressures
Tencent, the major stakeholder in Roblox China, is implementing layoffs within its Roblox operations in response to intensified regulatory challenges. The Chinese government's increased scrutiny on online gaming and concerns over child addiction have led to this decision. These layoffs serve as an indication of the challenges faced by gaming companies in navigating a swiftly evolving regulatory landscape in China.