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) 27-11-2023

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.