TikTok owner ByteDance slashes thousands of jobs

By IANS | Published: January 4, 2023 03:54 PM2023-01-04T15:54:04+5:302023-01-04T16:05:33+5:30

Beijing, Jan 4 TikTok's China-based owner The layoffs affected employees at Douyin, the Chinese version of TikTok with ...

TikTok owner ByteDance slashes thousands of jobs | TikTok owner ByteDance slashes thousands of jobs

TikTok owner ByteDance slashes thousands of jobs

Beijing, Jan 4 TikTok's China-based owner

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.

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.

Other Chinese internet giants, including Alibaba Group Holding and Tencent Holdings, cut thousands of jobs in 2022.

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