Today: 7 February 2025
25 January 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

Sukoon’s GO SAVER enhances employee savings 

Sukoon introduces GO SAVER to provide secure end-of-service benefit and workplace savings   Sukoon Insurance has officially launched its GO SAVER Employee Money Purchase Scheme, an innovative solution designed to provide secure

Auto Sector on the Rise in India

The auto expo aims to unite the entire mobility value chain under one umbrella, setting the stage for the future of mobility….reports Asian Lite News India’s auto sector is poised for strong

Retail Auto Sales Defy Challenges

Internal combustion engine two-wheelers faced challenges such as financial constraints and increasing competition from electric vehicles…reports Asian Lite News Retail automobile sales in India increased by 9.1% in 2024, reaching 2.61 crore

Asia-Arab Ties to Forge Global Partnerships

As Oman continues to build its reputation as a critical global trade hub, the Asian Arab Chamber of Commerce and IETO are committed to continuing these efforts through a series of followup
Go toTop

Don't Miss

Tech Titans Under Fire In US

Hundreds of American families are suing four of the biggest

TikTok continues hiring as competitors shed jobs

The video platform plans to increase the size of its