TikTok owner ByteDance lays off hundreds of staff in China
Samriddhi Srivastava
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ByteDance, the Chinese parent company of video app TikTok sacked hundreds of employees in China to save costs.
ByteDance, the Chinese parent company of video app TikTok, has fired hundreds of employees as part of a cost-cutting measure. People from multiple departments were sacked at the end of 2022, according to a report by the South China Morning Post.
A source of SCMP also revealed that the job cuts have been implemented at Douyin, the Chinese equivalent of TikTok with about 600 million daily users.
The hundreds of layoffs are only a small percentage of ByteDance's workforce, said the same report.
