Giant Confirms Layoffs after Restructuring
Sina Tech, 5/20/09
Chinese online game developer and operator Giant Interactive (NYSE: GA) has announced that it will lay off a number of employees in the wake of a recent company restructuring. No specific numbers were revealed.
Editor's Note: Giant recently announced that it would look to spin off R&D teams focused on new game development, creating independent subsidiaries. The subsidiaries would be responsible for development of new games, with Giant then taking charge of operating the completed games. Each game development team would hold 49% equity in its own unit, with Giant holding the other 51%.
Keywords: HR corporate restructuring GA Giant Interactive Internet online gaming
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