Tag: owner
-
TikTok owner ByteDance axes hundreds of jobs in gaming unit as it scales back ambition
Sheldon Cooper | LightRocket | Getty Images 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 adjustments…