Home TECH tiktok layoffs: TikTok lays off employees to reduce costs: report

tiktok layoffs: TikTok lays off employees to reduce costs: report

56
0
Chinese short-video making app TikTok has joined the Big Tech layoffs, asking a certain number of employees to go to reduce costs.

The job cuts happened mostly in the sales and advertising division, according to a company spokesperson.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Product Management Visit
IIT Delhi IITD Certificate Programme in Data Science & Machine Learning Visit
Indian School of Business ISB Professional Certificate in Product Management Visit

The affected employees worked in Los Angeles, New York, Austin and some at global locations, reports NPR, which said 60 employees were being asked to go.

However, other reports mentioned “at least” 100 workers were laid off at TikTok.

TikTok was set to organise a town-hall meeting in the wake of the layoff announcement, the report mentioned.

TikTok has about 7,000 employees in the US, and has more than 150 million active users in the country.

Discover the stories of your interest


The move follows a string of job cuts from other tech companies this year, including Google, Amazon, Unity, and Discord.Google CEO Sundar Pichai has reportedly warned employees to brace themselves for more job cuts this year.

YouTube is also reportedly laying off at least 100 employees from its creator management and operations teams.

Nearly 62 tech companies have laid off more than 10,000 employees this year.

Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than 36,000 employees being sacked in India in the same time frame.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.