NetEase’s Billionaire CEO Slashes Jobs and Games in Profit Push

Polygon

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Marvel Rivals layoffs are just part of NetEase’s ice-cold job and game cuts

When NetEase slashed jobs at its Marvel Rivals development studio in Seattle earlier this week, it was unclear why the Chinese game publisher would make cuts around such a successful project. Marvel Rivals has attracted more than 40 million players since its December launch, helping NetEase rack up $2.9 billion in gaming and services revenue during the quarter the game was released. According to a report from Bloomberg, the cuts to the North Ame…

Bloomberg

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NetEase’s Billionaire CEO Slashes Jobs and Games in Profit Push

After years of expanding overseas, video-game billionaire William Ding is hitting the brakes at NetEase Inc., the pioneering Chinese company behind hits like Eggy Party and its newest blockbuster Marvel Rivals.

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The Marvel Rivals hero shooter has reached a new milestone by surpassing 40 million players, as announced by NetEase during the presentation of its financial results. The title became one of the most downloaded games on Steam during the month of December. Let’s remember that Marvel Rivals has accumulated 10 million users in just 3 days after its release. And the thing is not there, as the game since its departure, has managed to bring together u…

Techmeme

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NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles

Bloomberg: NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles  —  - Hundreds of staffers and about a dozen games have been cut  — Founder William Ding sets elevated expectations for results