Monday, January 20, 2025
spot_img

Now TikTok lays off employees to reduce costs

Date:

Share post:

spot_img
spot_img

Shillong, January 23: 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.

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.

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. (IANS)

spot_img
spot_img

Related articles

Saif Ali Khan attack case: How Mumbai Police tracked down Bangladeshi attacker

Mumbai, Jan 19: Bangladeshi national, Shariful Islam Shehzad had illegally entered India and was living under the false...

Beant Singh assassination case: SC to hear on Monday Rajoana’s plea on commutation of death penalty

New Delhi, Jan 19 : The Supreme Court is slated to hear on Monday a writ petition filed...

One more arrested for trafficking Keralites to Russian Army

Thiruvananthapuram, Jan 19 : One more person has been arrested in connection with trafficking Keralites to the Russian...

EPFO simplifies process for funds transfer, correcting personal details

New Delhi, Jan 19 : The Employees’ Provident Fund Organisation (EPFO) has introduced major changes to simplify key...