TikTok is one of the most popular social media platforms. The short video app has more than 1 billion active monthly users. In the recent development on TikTok, the company is laying off its staff. TikTok fired are part of the global restructuring program of parent company ByteDances.
While there is no number on how many people have been laid off, TikTok’s CEO previously said the company is doing great and there is no slowing down in the advertising market.
TikTok faces layoffs as it struggles for survival in the US News of layoffs came out when a product and engineering manager, David Ortiz, posted on LinkedIn about his firing.
What Causes TikTok Layoffs?
The main cause of TikTok fired is ByteDances’ parent company global restructuring program. The reports of layoffs do not only come from the US. TikTok employees in Europe are being told their jobs are at stake.
TikTok has also currently frozen the recruitment process for vacant posts. TikTok also delayed the process of expanding its TikTok store in Europe and the US
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Number of employees laid off by TikTok
In its latest restructuring program, TikTok has decided to lay off its staff. While the number of layoffs is not specific, according to reports it could be: less than 100 in the U.S
The rumor mill and some other reports said the number would be 10,000 . can be in the US and throughout Europe.
Only time can tell what the true number of layoffs is in this restructuring program.
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Other companies that have frozen the hiring process
Post-pandemic and sluggish economic growth have caused many companies to slow or freeze the hiring process in the US
Many tech giants love Apple, Microsoft and Meta have slowed down the recruitment process. Goldman Sachs has also slowed down the recruitment process.
Other companies that have laid off their employees in the recent past include: Netflix, Tesla and Peloton.
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TikTok is one of the most popular social media platforms. The short video app has more than 1 billion active monthly users. The latest news from TikTok is that the TikTok layoffs are happening all over the US. To know everything about TikTok fired and why there are layoffs, read the whole article and share it with your friends!
Frequently Asked Questions
Why are there TikTok layoffs?
As part of parent company ByteDances’ global restructuring program, TikTok employees across the country are being laid off.
Is TikTok freezing the hiring process?
Yes, in addition to resigning, TikTok has also decided to freeze the hiring process from now on.
What other companies have halted the hiring process?
There are many companies that have slowed down the recruitment process in the US. Some of these include Apple, Goldman Sachs, Microsoft, and Meta.