Black Shark : Cuts 50% of jobs after failed takeover by Tencent

Η Black Shark is one of the first "victims" of the Great Depression recorded in the Smartphone market worldwide

The sharp drop in demand in the smartphone market is apparently becoming too much of a problem for some manufacturers. Many smartphone manufacturers are under huge pressure, including the Chinese manufacturer Black Shark, in which the Xiaomi has a significant share.

According to her publication China Star Market , Black Shark has laid off about half of its employees because the company won't eventually be acquired by the Chinese internet conglomerate Tencent as announced last May. The layoffs made at Black Shark, as expected, equally affect all areas in which the company operates.

The company's division specializing in virtual reality products is said to be the most affected by this downsizing, but the smartphone division is also heavily impacted. According to what is invoked by China Star Market in the article he published, it is alleged that many employees who have been hired since the beginning of the year or were still on a probationary period of employment have been fired.

Its Gaming Smartphones Black Shark they are also available in European countries thanks to Xiaomi's extensive distribution network, and the company has specialized in offering devices with a strong focus on Gaming.

Since last January 2022 there have been rumors that the company was going to be acquired by Tencent, and Black Shark had pledged to focus more on VR hardware in order to serve the respective ambitions of the future parent company (Tencent) about better supporting its devices in the “Metaverse». However, that acquisition has now failed and is a thing of the past for Black Shark.

According to reports published in the Chinese media, the Black Shark it is currently looking for new investors and other possible acquisitions. Based on all this new data that has emerged, it is still unclear if Black Shark intends to remain active as a Gaming smartphone supplier to the same extent as before.

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