ByteDance, the owner of TikTok, eliminates hundreds of jobs in China
- ByStartupStory | January 4, 2023
The South China Morning Post claimed on Tuesday that ByteDance, the Chinese business that owns the video app TikTok, will terminate hundreds of staff from various departments at the end of 2022 as a cost-saving measure.
The employment layoffs have been made at the company’s gaming and real estate divisions as well as Douyin, the Chinese version of TikTok, with approximately 600 million daily users, SCMP said, citing sources. According to the article, the jobs lost only make up a minor portion of ByteDance’s staff.
The technology company ByteDance runs a number of content platforms that enlighten, instruct, amuse, and inspire individuals from many languages, cultures, and locations.
ByteDance has a portfolio of applications that are now accessible in more than 150 markets and 75 languages. The company is committed to creating global platforms for innovation and engagement. TikTok, Helo, Vigo Video, Douyin, and Huoshan are a few examples.
ByteDance’s platforms seek to enable everyone to be a creator straight from their smartphones by enabling users to explore and discover the world’s creativity, knowledge, and moments that matter in daily life. For all of their users, they are devoted to creating a secure, wholesome, and encouraging online environment.
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