This is the best summary I could come up with:

Four unnamed sources told the publication on Monday that the decision will likely impact hundreds of employees, some of whom were only informed about the company’s restructuring efforts over the weekend.

Nuverse, a subsidiary set up by ByteDance in 2019, was focused on standalone mobile and web games, including publishing the popular Marvel Snap.

No further details have been revealed to the public, though Reuters sources said that ByteDance has no current plans to return to the global video games market.

ByteDance has not announced how many roles will be impacted by the restructure, though a separate report by TechCrunch claims that mass layoffs have been confirmed and are underway as of Monday.

This comes just weeks after “a few hundred” employees at Pico, a VR hardware company acquired by ByteDance in 2021, were let go as the brand undergoes a restructuring to better focus on “hardware and core technologies.” The TikTok parent company has invested heavily in the gaming industry over the last few years in a bid to compete against giants like Tencent, which dominates the Chinese mobile gaming sector.

It’s unclear if Nuverse will completely cease to exist given ByteDance claims it’s “restructuring” its gaming business, though it’s clearly no longer a threat to Tencent’s crown.

The original article contains 382 words, the summary contains 209 words. Saved 45%. I’m a bot and I’m open source!