---
title: "Tencent says no major layoffs planned, says it is different from Silicon Valley companies"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286372147.md"
description: "Tencent reported its Q1 2026 financial results, with revenue of RMB 196.46 billion ($27.2 billion), a 9% year-on-year increase, and a net profit of RMB 58.1 billion ($8.0 billion), up 21%. During a shareholder meeting, President Liu Chiping stated there are no plans for major layoffs, emphasizing that Tencent's situation differs from that of Silicon Valley companies. As of the end of 2025, Tencent employed 115,849 people globally."
datetime: "2026-05-14T06:53:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286372147.md)
  - [en](https://longbridge.com/en/news/286372147.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286372147.md)
---

# Tencent says no major layoffs planned, says it is different from Silicon Valley companies

On Wednesday, Tencent released its first-quarter 2026 financial results, reporting revenue of RMB 196.46 billion ($27.2 billion), up 9% year-on-year, while net profit surged 21% to RMB 58.1 billion ($8.0 billion). At the company’s shareholder meeting held the same day, Tencent President Liu Chiping firmly dismissed concerns about potential layoffs amid the industry-wide wave of job cuts, saying: “There are definitely no plans for large-scale layoffs. Tencent is different from Silicon Valley companies.” As of the end of 2025, the group employed 115,849 people worldwide, according to Tencent. \[National Business Daily, in Chinese\]

### Related Stocks

- [KWEB.US](https://longbridge.com/en/quote/KWEB.US.md)
- [00700.HK](https://longbridge.com/en/quote/00700.HK.md)
- [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md)
- [80700.HK](https://longbridge.com/en/quote/80700.HK.md)
- [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md)
- [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md)

## Related News & Research

- [Meta is rolling out its mega-layoffs around the clock](https://longbridge.com/en/news/286819562.md)
- [BILL Stock Jumps on Major Job Cuts. Value Investors Could Snag 31% Upside Potential Here.](https://longbridge.com/en/news/286136335.md)
- [Meta begins cutting thousands of jobs in sweeping layoffs. Here's how much it's paying in severance.](https://longbridge.com/en/news/287003909.md)
- [LinkedIn's layoffs will come with operational changes, memo shows](https://longbridge.com/en/news/286308214.md)
- [Are Wall Street Analysts Bullish on Cadence Design Systems Stock?](https://longbridge.com/en/news/286916539.md)