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home / articles / TCEHY - Roblox China Unit Faces Layoffs as Operational Challenges Mount | Benzinga

TCEHY - Roblox China Unit Faces Layoffs as Operational Challenges Mount | Benzinga

Tencent Holdings Ltd. ADR

Roblox Corp (NYSE: RBLX) China, also called LuoBu, prompted a round of layoffs in October. 

The layoffs affected 15 roles, including a "small number" of Roblox China's teams in the U.S. and its headquarters in Shenzhen.

Also Read: Warner, Roblox, Rivian And AMD CEOs Share Vision At The Code Conference 2023 - AI, Metaverse, And EVs Take Center Stage

An evaluation of the operational structure in support of LuoBu prompted the downsizing, TechCrunch cites the company spokesperson.

These actions are specific to LuoBu and its business and ...

Full story available on Benzinga.com
Stock Information
Company Name: Tencent Holdings Ltd. ADR
Stock Symbol: TCEHY
Market: OTC
Website: tencent.com
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