Layoffs persist at ByteDance, affecting the gaming arm of TikTok’s parent company

ByteDance, the parent company of TikTok, is making significant staff cuts in its gaming division, Nuverse.

tiktok gaming layoffs
tiktok gaming layoffs

After a lackluster performance spanning two years, ByteDance has decided to scale back operations in its gaming department. The Nuverse gaming division, which had around 3,000 employees in 2021, has maintained that figure in recent years.

A ByteDance spokesperson explained the decision, stating, “We regularly review our businesses and make adjustments to focus on long-term strategic growth areas. Following a recent review, we’ve made the difficult decision to restructure our gaming business.”

ByteDance had previously acquired the Shanghai-based gaming studio Moonton Technology in a $4 billion deal. Moonton Technology is renowned for its mobile multiplayer online battle arena (MOBA) game, Mobile Legends: Bang Bang, released in July 2016.

There are reports suggesting ByteDance is exploring options to sell Moonton.

As part of the restructuring, ByteDance is expected to discontinue gaming projects currently in development and is likely to sell existing gaming titles within the Nuverse division.

Among Nuverse’s notable games is the online card game “Marvel Snap,” developed by the US studio Second Dinner. Other titles include “One Piece: The Voyage” and “Crystal of Atland.”

Gerard Thompson
Gerard Thompson

Gerard Thompson, a seasoned tech industry worker understands the struggles of facing layoffs firsthand. Having navigated the uncertain and daunting world of job loss himself. Gerard is the founder of JustLayoffs.com

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