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TikTok-owner ByteDance cuts hundreds of jobs in China - SCMP

Wednesday, January 4, 2023
TikTok-owner ByteDance cuts hundreds of jobs in China - SCMP © Reuters. FILE PHOTO: TikTok logos are seen in this illustration taken February 15, 2022. Picture taken February 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the South China Morning Post reported on Tuesday.

The job cuts have been implemented at Douyin, the Chinese equivalent of TikTok with about 600 million daily users, as well as the company's gaming and real estate operations, SCMP reported citing sources.

The job cuts represent a small percentage of ByteDance's workforce, the report added.

ByteDance did not immediately respond to Reuters' request for comment.

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23-02-2024 04:18:59 (UTC+7)

EUR/USD

1.0823

+0.0006 (+0.05%)

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↑ Buy

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Sell (1)

EUR/USD

1.0823

+0.0006 (+0.05%)

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↑ Buy

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GBP/USD

1.2659

+0.0026 (+0.20%)

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Buy

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USD/JPY

150.51

+0.22 (+0.15%)

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↑ Sell

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AUD/USD

0.6557

+0.0007 (+0.11%)

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↑ Buy

Moving Avg:

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USD/CAD

1.3484

-0.0022 (-0.16%)

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EUR/JPY

162.90

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0.9527

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 EUR/USD1.0823↑ Buy
 GBP/USD1.2659Buy
 USD/JPY150.51↑ Sell
 AUD/USD0.6557↑ Buy
 USD/CAD1.3484↑ Sell
 EUR/JPY162.90↑ Buy
 EUR/CHF0.9527↑ Buy
 Gold2,034.65↑ Buy
 Silver22.782Buy
 Copper3.8950Sell
 Crude Oil WTI78.44↑ Sell
 Brent Oil83.54Neutral
 Natural Gas1.731Buy
 US Coffee C183.23↑ Buy
 Euro Stoxx 504,855.85Neutral
 S&P 5005,087.03↑ Sell
 DAX17,370.45Neutral
 FTSE 1007,684.49↑ Sell
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 Small Cap 20002,009.05↑ Sell
 IBEX 3510,138.90↑ Sell
 BASF46.845↑ Buy
 Bayer28.91↑ Sell
 Allianz255.10Sell
 Adidas187.82Neutral
 Lufthansa7.503Sell
 Siemens AG172.10↑ Sell
 Deutsche Bank AG12.252Neutral
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Cập nhật 23-02-2024 04:19:01
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RON 95-V24.10024.580
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Dầu hỏa 2-K20.92021.330
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Cập nhật lúc 18:50:20 22/02/2024
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