this black sharksmall company Subsidized by Xiaomi for your creation “game” mobile phones he must reduce half of your employees After a failed takeover deal with Tencent. That’s what the latest rumors coming directly from China say.
According to the information on the China Star Market website, the VR (virtual reality) sector will be affected the most in Black Shark. The segment was recently established and will likely see most employees laid off, including those still on probation.
The layoffs are expected to affect 50% of staff across the company, and the company is currently struggling to make a living after losing expected investment from the Tencent acquisition. Black Shark’s CEO said they are still looking for financing or acquisition opportunities after Tencent withdrew from the partnership.
Black Shark was founded in 2017, largely funded by Xiaomi, for the smartphone giant’s entry into the growing segment of gaming phones. If the layoffs of so many employees are approved, the impact on the company’s longevity remains unclear.
Source: Tec Mundo
