Sources: ByteDance plans to cut ~1,000 jobs and discontinue all but a few games that have yet to launch, backing away from its aggressive investments since 2016 (Cissy Zhou/Nikkei Asia)

November 27, 2023

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Cissy Zhou / Nikkei Asia:

Sources: ByteDance plans to cut ~1,000 jobs and discontinue all but a few games that have yet to launch, backing away from its aggressive investments since 2016 — Layoffs come as China company intensifies efforts in generative AI — ByteDance, operator of short-video app TikTok, has invested aggressively in gaming since 2016.

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