TikTok joins the ranks of major tech companies and startups that have frozen hiring or made layoffs in recent weeks as fears of an economic downturn have taken hold.
But on Monday morning, some employees based in Europe were informed that their jobs were at risk and told to expect invitations to meet with human resources staff in coming weeks, according to sources at the company. Some UK employees were warned that job losses will occur in a number of departments within TikTok. When US-based employees began work hours later, some were informed their roles were being eliminated.
on LinkedIn today that he was leaving the company because his role was being eliminated as part of “a much larger re-organization effort.” The company recentlyto expand its live shopping platform TikTok Shop, seen as a major new revenue source, in the United States and Europe. One former TikTok employee who left the company earlier this year says the restructuring was probably related to the broader economic climate. “I don’t think what’s happening here with TikTok’s layoffs is any different to what’s going on in big tech,” the former employee says.
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