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Cryptocurrencies: 25799
Markets: 103857
Market Cap: $2,671,173,322,305     
24h Vol: $42,155,958,097
Bitcoin.com 2023-02-20 07:30:13

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse
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