ByteDance to restructure its gaming division and probably lay off hundreds of people
, by Thibaut
There's still more layoffs to come in the video game industry. ByteDance, the parent company of TikTok, has announced a major restructuring plan for its gaming division.
According to Reuters, ByteDance will stop work on all its games in development by December. The Chinese company will even withdraw from titles already on the market. it's a decision that will impact "hundreds of employees ". Some have already been informed of the situation over the weekend.
ByteDance owns Nuverse, the publisher responsible for the mobile game Marvel Snap.
Source: videogameschronicle.com