In a significant restructuring, NetEase, a prominent Chinese gaming company, has reduced its workforce by 20% and canceled several projects. This move comes as CEO William Ding emphasizes a shift towards developing “evergreen, mass-market” games. The layoffs and project cancellations are part of a broader strategy to streamline operations and focus on titles with long-term appeal and broad market reach. The company’s pivot aims to ensure sustainability and growth in a competitive industry.
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