TikTok owner ByteDance slashes thousands of jobs

The layoffs affected employees at Douyin, the Chinese version of TikTok with 600 million daily active users, as well as its gaming and real estate operations, reports the South China Morning Post, citing sources.

TikTok

TikTok's China-based owner ByteDance has laid off hundreds of workers across multiple departments, the media reported.

The layoffs affected employees at Douyin, the Chinese version of TikTok with 600 million daily active users, as well as its gaming and real estate operations, reports the South China Morning Post, citing sources.