ByteDance Restructures Gaming Division, Leading to Job Cuts
Despite Downsizing, Marvel Snap Will Continue to Operate
- ByteDance, the parent company of TikTok, is significantly downsizing its gaming division, Nuverse, leading to hundreds of job cuts.
- Unreleased games will be halted by December, and the company will look for ways to divest from titles that have already been launched.
- Despite the restructuring, Marvel Snap, one of Nuverse's best-known games, will continue to operate.
- ByteDance's retreat from the gaming sector comes amid a stagnating market and regulatory challenges in China.
- The company's casual gaming brand Ohayoo and games that run on TikTok will not be affected by the changes.