TikTok owner ByteDance slashes thousands of jobs across multiple depts
By
Biju Kumar
TikTok’s China-based owner ByteDance has laid off hundreds of workers across multiple departments, the media reported.
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.