According to rumor spreads on the Chinese Internet, Shanda Interactive Entertainment Limited, a top interactive entertainment media and online game company in China, plans to cut over 400 employees.
An insider revealed to the local media that this layoff will affect Shanda’s three subsidiaries, including Hurray, Chengdu Sicent Technology, and Shanda Games. Two projects in Shanda Games, Dragon Nest and Aion, will be involved in the layoff. The total number of employees cut off from these three companies will be more than 400.
Dragon Nest and Aion previously were the major projects for Shanda Games; Hurray is the wireless value-added services provider acquired by Shanda in June 2009; and Chengdu Sicent Technology is a leading Internet cafe management software company acquired by Shanda in September 2009.
Prior to this, Shanda published its financial report for the third quarter of 2010, stating that its net income increased by 2.6% year-on-year to CNY1.392 billion; and its net profit decreased by 77.2% year-on-year to CNY99.3 million.
So far, Shanda has not given any comment to the rumor.
The Albanian government plans to block access to TikTok for a year after the killing…
Albania’s Prime Minister Edi Rama announced that the country will be banning TikTok for one…
What's NewOfficials in Russia say drones launched by Kyiv have hit Kazan, a city more…
There are human activities in which both sides can win. War is not one of…
The US Congress passed spending legislation early on Saturday in a down-to-the wire burst of…
AHEAD of the celebration of Christmas Day, the Manila Cathedral in Intramuros is inviting the…