City
Epaper

Now TikTok lays off employees to reduce costs

By IANS | Updated: January 23, 2024 09:25 IST

San Francisco, Jan 23 Chinese short-video making app TikTok has joined the Big Tech layoffs, asking a certain ...

Open in App

San Francisco, Jan 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Navi MumbaiNavi Mumbai Robbery Video: Burqa-Clad Robbers Loot Sangam Gold Jewellery Store in Nerul at Gunpoint (CCTV Footage)

EntertainmentDiljit Dosanjh calls Ustad Puran Shah Koti's demise 'an irreplaceable loss for the music industry'

NationalFocus on constituencies, not Kolkata: Suvendu Adhikari’s directive to BJP MLAs

InternationalOver 650 drones, 13 regions hit, 3 dead as Russia launches massive attack, says Zelenskyy

InternationalPakistan: Five policemen killed after gunmen target vehicle in Khyber Pakhtunkhwa

Business Realted Stories

BusinessGoogle activates Android emergency location service in India

BusinessTATA.ev hits new milestone with 250,000 electric vehicle sales, commands 66% market share

BusinessCanara HSBC Life Insurance and Equitas Small Finance Bank Announce Strategic Bancassurance Partnership to Drive Insurance Inclusion

BusinessQuick commerce, BFSI, e-commerce, retail, healthcare sectors see strong hiring demand in 2025: Report

BusinessDelhi's Air Crisis Triggers a Unified Call for Preventive Health and Mindful Living