Baidu Swings the Axe and Laid-off more than 100 People.
As the crackdown on the gaming industry further intensifies in China, Baidu has laid off more than 100 employees of its gaming unit. The report came to light last week when sources close to the matter disclosed it to the media.
The report came out from people closely related to the matter and revealed that Baidu is currently doing downsizing in its video gaming unit. The decision will help the organization to cut down on the losses incurred due to Beijing’s crusade against the gaming industry.
The news highlights how big the government crackdown is and how massively it has impacted companies associated with it. The anti-gaming crackdown is in full swing and penalizes foreign and indigenous companies alike without any discrimination.
Local giants like Tencent and Baidu have failed to influence the Chinese government and are bearing the brunt. Previously, the government reduced the gaming hours for kids under 18 to a maximum of three hours a week.
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