Kuaishou Technology Shut Down Gaming Studio in Beijing During Company Restructuring
Tuesday, 30 April 2024, 13:00
Kuaishou Technology Restructuring and Gaming Project Closure
Kuaishou Technology, the operator of a top short video app in China, has decided to shut down its gaming project in Beijing as part of a company-wide restructuring effort.
Impact on Employees
About 30 individuals were laid off following the closure of the gaming studio, reflecting the organization's cost-cutting measures.
Strategic Business Move
Kuaishou Technology's decision to streamline its operations by disbanding the gaming project indicates a shift in the company's focus and a commitment to enhancing its core offerings for future sustainability.
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