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ByteDance's Gaming Retreat: Job Cuts and Nuverse Closure

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Source: Nikkei Asia
ByteDance's Gaming Retreat: Job Cuts and Nuverse Closure
Photo: Nikkei Asia
TL;DR

ByteDance, the parent company of TikTok, is cutting around 1,000 jobs in its gaming unit as part of a strategic shift. The company will discontinue games that have not yet launched, except for a few innovative projects, while continuing to operate existing titles as it seeks to divest them.

Topics:top-newsbusiness#business#bytedance#gaming#job-cuts#strategic-shift#tiktok
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  1. TikTok parent ByteDance to cut 1000 gaming jobs in strategic shift  Nikkei Asia
  2. Marvel Snap publisher Nuverse reportedly lays off hundreds  The Verge
  3. TikTok owner ByteDance axes hundreds of jobs in gaming unit as it scales back ambition  CNBC
  4. TikTok owner ByteDance axing Marvel Snap publisher Nuverse  Polygon
  5. ByteDance to Fire Hundreds, Shut Nuverse in Gaming Retreat  Bloomberg Technology

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