Their spokesperson denied claims of layoffs within the company being made, however on the contrary they state that they are actively recruiting. A leaked internal informed Tencent staff that VP Zeng Yu would no longer lead Tencent IEG’s technical line and the Platform and Content Group Technology & Content Platform.

https://www.gamesindustry.biz/tencent-rebukes-layoff-and-restructuring-rumours-but-admits-changes-at-the-top-of-the-company