edited by: Mohammad Haris
Last Update: February 10, 2023, 12:25 IST
After the government banned TikTok in June 2020, many employees were mostly working in the Dubai and Brazil markets.
According to a report, Tiktok has fired about 40 people after a call and will pay severance for 9 months.
Short video app TikTok, owned by ByteDance, completely removed India task force earlier this week, according to a at The report quoted sources familiar with the development. It said that around 40 people were removed following a call and would be given severance pay of up to 9 months.
“TikTok India employees were told that February 28 would be their last day and were given feelers to look for other opportunities for the time being as it was reported that India operations would be affected due to the government’s stand on Chinese apps. is not being restarted. ,” According to at report citing sources
After the government banned TikTok in June 2020, many employees were mostly working in the Dubai and Brazil markets. The app had around 200 million users in India.
It quoted another source as saying, “The entire team was informed. Anyway some time ago we were told that business in India may be closed so look for job. Most people will be given 90 days leave”.
According to the latest data from Layoffs.fyi, around 332 tech companies have laid off 1,00,746 employees in 2023 so far. The year 2023 has seen massive layoffs by companies like Google, Microsoft, Salesforce and Amazon. Google laid off 6 percent of its workforce, or 12,000 employees, the most of all companies. Microsoft let go of 10,000 employees, Amazon fired around 8,000.
Apart from these, Salesforce laid off 8,000 employees, Dell 6,650, IBM around 3,900, SAP around 3,000, Zoom around 1,300, and Coinbase around 950.
In the latest tech layoff, Yahoo has announced plans to lay off 20 percent of its workforce, affecting 1,600 employees in its ad technology business. Employees were informed on Thursday that 12 per cent (1,000 employees) of the company would be laid off before the end of the day. Within the next six months, another 8 percent — or 600 — will lose their jobs. These cuts will affect about half of Yahoo’s ad technology business.
Microsoft-owned GitHub has also announced layoffs of around 10 percent of its workforce, or 300 employees, in the coming quarter. The company will vacate their offices and go completely remote once their leases expire.
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