January 25, 2024
1 min read

TikTok Joins Layoffs

The job cuts happened mostly in the sales and advertising division…reports Asian Lite News

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.

ALSO READ: S24 Ultra Redefines Experience with AI

Previous Story

Global VC Investments Dip, India Holds Its Ground

Next Story

Job Cuts at eBay

Latest from Business

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development
Go toTop

Don't Miss

Ireland’s govt staff told to remove TikTok from work devices

Use of the app is no longer allowed under the

TikTok sacks entire India staff

In June 2020, the government banned TikTok along with 59