TikTok-owner ByteDance Cuts Hundreds Of Jobs In China

ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022.

It says the move is part of a cost-cutting measure.

The job cuts have been implemented at Douyin, the Chinese equivalent of TikTok with about 600m daily users as well as the company’s gaming and real estate operations.

“The job cuts represent a small percentage of ByteDance’s workforce,” the report said.

ByteDance did not immediately respond.

Reuters/ Mercy Chukwudiebere