TikTok is another company hit by the wave of layoffs that swept across the tech sector last year. A spokesperson for TikTok told NPR that the company laid off approximately 60 employees, mostly from sales and advertising departments in various offices in the US (Los Angeles, New York, Austin) and abroad. A spokesperson says the layoffs were part of a normal reorganization, but according to NPR, the company decided to lay off employees to cut costs.

ByteDance, the parent company of TikTok, reportedly cut hundreds of jobs at Marvel developer Snap Nuverse last year. According to earlier reports, TikTok itself laid off a number of employees due to global restructuring in mid-2022, and then laid off another of its employees in Dublin in early 2023. The latest round of layoffs affects just a small fraction of ByteDance’s global workforcewhich has approximately 150,000 employees, but as NPR notes, it’s “a sign of trouble in the tech industry.”

Google CEO Sundar Pichai recently warned his employees that they can expect another round of layoffs this year as the company reallocates its resources. Also Amazon recently told Engadget that it will lay off about five percent of its Buy with Prime workforce. Twitch, the Amazon-owned video streaming platform, also laid off more than 500 people earlier this year to cut costs and streamline operations.

Source: www.engadget.com