TikTok owner ByteDance is retreating from gaming and laying off hundreds

TikTok owner ByteDance is retreating from gaming and laying off hundreds

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ByteDance, the Chinese tech giant behind TikTok, is pulling back from video gaming in a shift that will result in hundreds of job cuts. The Beijing-based company will wind down Nuverse, the unit that houses its video game studios, next month in an attempt to focus on its core businesses, a person…

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