It seems that TikTok is about to cut jobs around the world. According to reports, some employees have already been fired, with others the company said they “prepare for the HR interview“. The layoffs would be part of a corporate restructuring plan.
TikTok poised to cut jobs around the world
The news comes from Wired, which explains how TikTok is moving to decrease staffing around the world. In Europe, the company would have told employees to prepare for the HR meeting because their jobs are at risk. In the UK, it is referred to as layoffs in multiple departments. And some employees in the United States would receive the news Monday that they would soon be dropped off at home.
One of these American employees, David Ortiz, was among the first executives that TikTok ByteDance’s parent company would hire outside of China. In a LinkedIn post he said his place disappeared “in aor much wider reorganization effort “.
When Wired asked a TikTok spokesperson about the layoffs, he did not deny but did not provide details on why and how.
However, an employee revealed to Wired that the company is cutting managers and employees who are not “contributing enough”. It seems they are only 100, compared to 10 thousand employeesi between the USA and Europe. But even in this case, we have no official confirmation.
TikTok’s restructuring comes at a time when several tech companies are laying off. Netflix, Unity e Twitter they announced staff cuts, Tesla laid off 200 engineers and closed an office in California. And then there are Rivian which would be firing 5% of employees. While Meta he would be identifying underperforming staff to fire him within the year.
Even those who don’t fire are decreasing hiring, like Google. All signs that suggest a possible crisis in the sector, after two years of unbridled growth.