ByteDance Layoffs: TikTok-Owner Cuts Hundreds of Jobs in China
According to the local media report, the Chinese company did so as part of a cost-cutting measure.
ByteDance, the parent company of video app TikTok, has let go of hundreds of employees across multiple departments at the end of 2022. According to the local media report, the Chinese company did so as part of a cost-cutting measure. The job cuts represent a small percentage of ByteDance's workforce, the report added. New Year 2023 Likely To Bring More Tech Layoffs As ‘January’ Ideal Month for ‘Organisational Realignment’: US Data.
ByteDance Layoffs:
TikTok-owner ByteDance cuts hundreds of jobs in China - SCMP https://t.co/a37nFU0GmMpic.twitter.com/Evg8H79agv
— Reuters (@Reuters) January 3, 2023
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(The above story first appeared on LatestLY on Jan 03, 2023 09:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
