SHENZHEN, China/HONG KONG, Nov 15 (Reuters) - Chinese tech giant Tencent Holdings (0700.HK) has begun a new round of job cuts targeted at its video streaming, gaming and cloud businesses, four sources close to the matter said.
Two of the sources said some staff in IEG were informed last week they were being laid off.
Tencent already cut jobs earlier this year, alongside peers, including Alibaba Group (9988.HK) and smaller Chinese tech companies such as Xiaohongshu.
In August, Tencent disclosed its employee numbers fell to 110,715 by the end of June from 116,213 in March.
Refintiv data shows analysts expect Tencent to report flat revenues or a small contraction on Wednesday, when it publishes third-quarter results.