ByteDance Layoffs: TikTok Owner Slashes Thousands of Jobs Across Multiple Departments
TikTok's China-based owner ByteDance has laid off hundreds of workers across multiple departments, the media reported.
Beijing, January 4 : TikTok's China-based owner ByteDance has laid off hundreds of workers across multiple departments, the media reported. The layoffs affected employees at Douyin, the Chinese version of TikTok with 600 million daily active users, as well as its gaming and real estate operations, reports the South China Morning Post, citing sources. TikTok New Feature: ByteDance-Owned Short Video Platform Rolls Out 'Audience Controls' Feature to Allow Creators To Restrict Videos to Adult Viewers.
The lay-offs at ByteDance were first reported by Chinese media outlet Jiemian. The New Year will now be critical for ByteDance, as it faces political uncertainties amid national security concerns over TikTok in the US. Satya Nadella Advocates Use of Technology for Driving Inclusivity, Empowerment; Says Microsoft Very Committed to India.
Other Chinese internet giants, including Alibaba Group Holding and Tencent Holdings, cut thousands of jobs in 2022.
(The above story first appeared on LatestLY on Jan 04, 2023 04:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).