Reported about 17 hours ago
William Ding, CEO of NetEase, is making significant cuts to jobs and game titles as he aims to refocus the company towards a smaller portfolio that is more financially viable. After years of expansion into international markets and notable successes like Marvel Rivals, Ding is cutting hundreds of jobs and halting numerous projects, particularly overseas, citing a need for profitability in a challenging industry landscape. While there are successes, including strong revenue from recently launched games, the overall strategy shift and layoffs have raised concerns about the company's future and Ding's leadership style.
Source: YAHOO