TikTok is among the newest firms to be hit by layoffs sweeping across tech industry over the previous yr. A spokesperson from the short-form video platform informed NPR that the corporate laid off round 60 workers, largely from its gross sales and promoting division throughout its varied workplaces within the US — Los Angeles, New York, Austin — and overseas. They informed the media group that the layoffs had been a part of a routine reorganization, however NPR stated the corporate determined to allow them to go to chop prices.
ByteDance, TikTok's guardian firm, reportedly cut hundreds of jobs at Marvel Snap developer Nuverse final yr. Based on earlier studies, TikTok itself did a round of layoffs in mid-2022 as a consequence of international restructuring efforts after which once more in early 2023 to let its recruitment staff in Dublin go. This spherical impacts only a tiny fraction of ByteDance's international workforce that's round 150,000 sturdy, however as NPR notes, it's a "signal of ache within the tech trade."
Google CEO Sundar Pichai just lately informed workers to expect further downsizing this yr, as the corporate allocates its sources. He stated that Google is "eradicating layers to simplify execution and drive velocity in some areas." Amazon additionally just lately informed Engadget that it's letting go of about 5 % of workers in its Purchase with Prime division. Twitch, a video-streaming platform owned by Amazon, was hit by a bigger round of layoffs affecting over 500 folks earlier this yr to be able to scale back prices and run its enterprise extra effectively.
This text initially appeared on Engadget at https://www.engadget.com/tiktok-is-reportedly-laying-off-workers-to-cut-costs-073546895.html?src=rss
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