The largest international technology companies announce a new wave of layoffs in anticipation of a possible recession. TikTok is one of them: the Chinese company ByteDance announced a major staff reduction. It will cover the company’s global offices.
TikTok has already communicated their resignation to some employees. But this is just the beginning: many more, including employees and managers, will be staying home in the coming weeks.
Some of the layoffs concern Europe. According to a source reached by Wired, several European TikTok employees have already been informed of the impending dismissal. The bulk of the layoffs relate to the London office in the UK. THE staff cutbacks they concern almost all departments of the company.
The same music also in the United States, where TikTok’s human resources division has already started setting up numerous interviews with employees. Executives are also not immune: TikTok has also been fired David Ortizwhich was considered one of the biggest names in the business outside of China.
TikTok isn’t the only company to announce some significant internal restructuring measures. Elon Musk announced last month that Tesla would have to lay off about 10% of its staff. Netflix has already left more than 300 employees at home, and GameStop has also announced a spate of layoffs, some of which affect the editors of Game Informer magazine.
Source: Lega Nerd
