TikTok owner ByteDance axes hundreds of jobs in gaming unit as it scales back ambition

TikTok owner ByteDance axes hundreds of jobs in gaming unit as it scales back ambition

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TikTok parent company ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC, marking a significant retreat from a segment it has invested billions of dollars in to challenge market leader Tencent. "We regularly review our businesses and make…

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