TikTok is reportedly laying off workers to cut costs

TikTok is one of the latest companies to be hit layoffs sweeping the tech industry during the past year. This was stated by the representative of the short-form video platform NPR laid off about 60 employees in the company’s various offices in the United States – in Los Angeles, New York, Austin – and in its overseas sales and advertising division. They told the media organization that the layoffs were part of a routine reorganization, but NPR the company said it decided to release them to cut costs.

TikTok’s parent company, ByteDance, reports cut hundreds of jobs hour Marvel Snap developer Nuverse last year. According to previous reports, TikTok itself made a number of cuts in mid-2022 and then again in early 2023 due to global restructuring efforts A recruitment drive is underway in Dublin. This round represents only a small portion of ByteDance’s global workforce of approximately 150,000 people, but NPR notes that this is “a sign of pain in the tech industry.”

Google CEO Sundar Pichai recently told his employees further shrinking awaits this year as the company allocates its resources. He said Google is “removing layers to simplify implementation and increase speed in some areas.” Amazon also recently told Engadget leaves About five percent of employees in the Buy with Prime division. Twitch was a video streaming platform owned by Amazon faced a larger layoff period impacted more than 500 people earlier this year to cut costs and run their businesses more efficiently.

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