Would you like to receive notifications on latest updates of the following headlines?

TikTok to Lay Off "Large Percentage" of Global Workforce

POSTED ON May 22, 2024 •   Uncategorized      BY Samuel O . Adeniyi
TikTok | Photo Credit: Roslan RAHMAN / AFP via Getty Images

TikTok is reportedly planning significant layoffs, affecting a "large percentage" of its 1,000 global employees, primarily within its operations and marketing teams.

The cuts are expected to begin Wednesday, according to The Information.

This scale of layoffs is unusual for the social media platform, owned by Chinese company ByteDance, which typically implements cost-cutting measures in smaller stages.

The move comes on the heels of President Joe Biden signing a law banning TikTok in the U.S. unless sold to an American company.

ByteDance has responded by suing the U.S. government, alleging the ban violates users' First Amendment rights. While denying any plans to sell the app or its algorithm, the company is reportedly considering sales that exclude the algorithm.

Unidentified employees informed The Information that cuts will primarily target content and marketing teams, with notifications expected late Wednesday night and early Thursday morning.

The global user operations team, responsible for user support and communications, will be disbanded, and the remaining employees reassigned to other teams like trust and safety, marketing, content, and product.

In 2023, TikTok reported 7,000 U.S.-based employees and 150 million American users.

The layoffs, however, are expected to be global. Notably, the U.S. contributed approximately 80% of TikTok's $20 billion 2023 revenue, according to the Financial Times.

TikTok representatives have not responded to requests for comment on this matter.

0
READ ALSO
Eno enhances healthcare with N200m contribution to UUTH
BY Abiodun Saheed Omodara February 16, 2025 0

In an effort to enhance healthcare services, the Governor of Akwa Ibom State, Pastor Umo Eno, has co...

READ ALSO
Ododo Reorganizes the Tourism Board, Kogi Hotels
BY Ebiakuboere England December 3, 2024 0

KOGI- Kogi State Governor Alhaji Ahmed Ododo has appointed former Kogi Hotels and Tourism Board Chai...

READ ALSO
Rivers Varsity Suspends Four Students For Assault
BY Benedicta Bassey June 16, 2024 0

The Rivers State University, Nkpolu-Oroworukwo, Port Harcourt has suspended four of its students con...

READ ALSO
French Embassy Unveils Waste Management Project Worth €753,000 in Varsities
BY Benedicta Bassey June 14, 2024 0

The French Embassy, via the Cooperation and Cultural Department, has launched a plastic waste manage...

READ ALSO
ATBU Enhances Research Capacity For Lecturers
BY Benedicta Bassey June 14, 2024 0

The management of the Abubakar Tafawa Balewa University, Bauchi, has enhanced research capabilities...

READ ALSO
Russia Dismisses Claim of Recruiting Nigerian Students For Ukranian War
BY Benedicta Bassey June 13, 2024 0

The Russian Embassy in Nigeria has debunked the claims of recruiting African students, particularly...

READ ALSO
Soludo Warns Tinubu Against Accepting Unsustainable Minimum Wage
BY Benedicta Bassey June 13, 2024 0

Anambra State Governor Charles Soludo on Thursday warned President Bola Tinubu against approving &ld...

READ ALSO
Obi Cubana Lauds Burna Boy For Settling Patients' Hospital Bills
BY Ebiakuboere England June 12, 2024 0

Award-winning Nigerian music star Damini Ogulu, also known as Burna Boy, has been praised by million...

OUR CHANNELS:

We Rendered Oil Smuggling Unattractive, A New Era for Nigeria's Economy - Tinubu
BY Abiodun Saheed Omodara July 3, 2025 0

President Bola Tinubu has proclaimed that his administration has salvaged Nigeria’s economy fr...


Microsoft Cuts 4% of Workforce Amid AI Investment Strategy
BY Abiodun Saheed Omodara July 3, 2025 0

Microsoft is set to lay off nearly 4% of its workforce, impacting around 9,000 employees across diff...


Amaechi Exits APC, Calls for Urgent Restructuring of Nigeria
BY Abiodun Saheed Omodara July 3, 2025 0

A former Minister of Transportation,Rotimi Amaechi,has left the All Progressives Congress (APC).&nbs...


K-pop's Global Influence Inspires Afrobeat Collaboration
BY Abiodun Saheed Omodara July 3, 2025 0

The Korean Cultural Centre in Nigeria is keen on promoting collaboration between Nigeria’s Afr...


Lagos Assembly Summons AG over Controversial Local Government Law Commencement
BY Abiodun Saheed Omodara July 3, 2025 0

The Lagos State House of Assembly has called upon the State’s Attorney General, Lawal Pedro (S...


Man Arrested for Brutal Killing of His Mother
BY Abiodun Saheed Omodara July 3, 2025 0

A heartbreaking case of matricide has rocked the Dantanoma quarters in Gumel Local Government Area o...


PDP Bigwigs Urge Nigerians to Join New Coalition Against APC
BY Abiodun Saheed Omodara July 2, 2025 0

Former Vice President Atiku Abubakar, former Senate President David Mark, ex-Governor of Jigawa Stat...


Senate approves new leadership for Law Reform commission
BY Abiodun Saheed Omodara July 2, 2025 0

The Senate has ratified the appointment of Professor Dakas C.J. Dakas as the Chairman of the Nigeria...


Nigerian Deported After Conviction for Smuggling Fake $100,000
BY Abiodun Saheed Omodara July 1, 2025 0

A Nigerian, Aremu Adegboyega, has been convicted by a Circuit Court in Accra, Ghana, for attempting...


ECOWAS Pushes for Legal Framework to Boost AI Development in West Africa
BY Abiodun Saheed Omodara July 1, 2025 0

The Speaker of the ECOWAS Parliament, Hadja Ibrahima, has emphasized the need for a robust legal fra...


More Articles

Load more...

Menu