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"TikTok Slashes Jobs Amid Tech Industry Layoffs"

1 min read
Source: CNBC
"TikTok Slashes Jobs Amid Tech Industry Layoffs"
Photo: CNBC
TL;DR Summary

TikTok has cut about 60 jobs as part of a routine reorganization affecting sales and advertising staff in various global offices, following a trend of tech companies downsizing at the start of 2024. This comes after other tech giants like Amazon, Alphabet, and Tencent's Riot Games have also announced layoffs, reflecting a broader industry trend of slimming down and slashing costs. The job cuts at TikTok follow previous layoffs in its gaming division, indicating a strategic shift in focus for ByteDance.

Topics:business#businesstechnology#bytedance#job-cuts#layoffs#tech-industry#tiktok
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  1. TikTok cuts about 60 jobs as January layoffs continue across tech industry  CNBC
  2. TikTok lays off 60 employees  TechCrunch
  3. TikTok is laying off dozens of workers as the tech industry continues to shed jobs in the new year  The Associated Press
  4. TikTok is reportedly laying off workers to cut costs  Engadget

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