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

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bytedance tencent metaverseAccording 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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