Renren Reportedly Planning Wide-scale Layoffs

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Rumor went around yesterday saying Renren was laying off up to 75% of employees at its 3G division under wireless department. Today local media were told that the wide-scale layoffs would also involve divisions including, Renren Games and Nuomi. Some teams at Renren Games were required to lay off up to 50% of employees. (in Chinese)

In response to it today, Renren admitted that “adjustment” was happening at the wireless department, but defended Nuomi saying it was expanding team instead.


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