TikTok owner ByteDance cuts hundreds of jobs in gaming division

Beijing: Chinese tech giant and TikTok owner ByteDance is slashing hundreds of jobs in its gaming unit, a source familiar with the matter told AFP on Monday.

The move marks a retreat from the competitive video gaming sector.

Nuverse, a video game publisher that is a subsidiary of Beijing-based ByteDance, is currently conducting a round of layoffs that will affect “several hundred people”, said the source.