Tencent has confirmed that a "reduction in headcount" has been made at Sharkmob London.
As Pocket Gamer reported, Tencent did not specify how many employees have been affected by the decision.
"In line with many studios, Sharkmob has been impacted by the difficult conditions across the video game market," it said. "As a result, regrettably, Sharkmob has had to make a reduction in headcount in its London office."
Pocket Gamer claimed a "majority" of the team had been let go, however this was not confirmed by Tencent.
https://www.gamesindustry.biz/tencent-confirms-layoffs-at-sharkmob-london