TikTok Parent Company ByteDance Lays Off Hundreds of Employee

TikTok presides as a popular social media and short media hub

[{"selector":"#anim-472a6fe5-bf7f-48a8-b33a-2a000bc7e046 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.252286471605455%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

TikTok is owned by an even larger parent company called ByteDance

[{"selector":"#anim-e5ed77d7-3e4c-4fee-84e6-1fb5477198c9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

ByteDance has downsized its gaming division by a considerable margin

[{"selector":"#anim-cf07a4ca-4940-41c0-90a9-0ce3aa0fd573 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

ByteDance received major investment from the company

[{"selector":"#anim-6ac05786-e831-4470-8ce6-2f838da67462 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.984875189893714%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

China has increased scrutiny and restrictions on the video game industry in 2022

[{"selector":"#anim-b91862b7-511e-4fda-8723-a50e9d4930f3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.806757604324208%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

TikTok rolling out a new feature to become more like Twitch

[{"selector":"#anim-ee23ec6d-121d-458c-a737-e9433826fdac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]