Wednesday, September 27, 2023
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TikTok owner ByteDance is cutting thousands of jobs

By Shreya Christina
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Shreya Christinahttps://cafe-madrid.com
Shreya has been with cafe-madrid.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider cafe-madrid.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

TikTok‘s China-based owner ByteDance laid off hundreds of employees across multiple departments, the media reported.



The layoffs affected employees Douyinthe Chinese version of TikTok with 600 million daily active users, as well as its gaming and real estate business, the South reports China Morning Post, citing sources.

The layoffs at ByteDance were first reported by the Chinese media outlet Jemian.

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The new year is now turning 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 Holdingscut thousands of jobs by 2022.

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