According to sources, ByteDance-owned TikTok is reportedly set to dismiss hundreds of employees worldwide as the possibility of a US ban continues to loom.

Quick Summary:

The lay-offs, which were announced internally earlier this week, are expected to affect TikTok’s operations and marketing departments.

The number of job cuts would be in the hundreds, with the global user operations team to be disbanded, the people with knowledge of the matter said.

The other person briefed on the matter indicated that job cuts are part of TikTok’s ongoing strategy to streamline its business.

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Article Details

Author / Journalist: Coco Feng

Category: Business

Markets: Hong KongChinaSingaporeUnited States

Topics: Bytedance Tiktok Lay-offs Tiktok’s Cuts Hundreds Business Employees Operations People Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-24 @ 18:30:12 (1 months ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21073962

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