ByteDance lays off hundreds of employees from video gaming vertical
Image Credit: FPJ
Chinese conglomerate ByteDance has laid off hundreds of employees from its video gaming division in Hong Kong, IANS reported on September 6, Tuesday, as the government cracks down on the Internet and gaming industry with strict regulations. The South China Morning Post reported that ByteDance, owner of short-form video app TikTok, is aggressively downsizing its video gaming unit, affecting hundreds of employees.