TikTok Layoffs: Short video app Tiktok has sacked all its employees in India. The company has said that it will also pay 9 months salary to these employees.
New Delhi. The biggest short video app Tiktok has sacked all its employees in India. The video sharing app owned by Chinese company ByteDance is no longer operational in India. It was banned by the government after the Galwan Valley clash with China in 2020, in which 20 Indian soldiers were killed.
In June 2020, ByteDance, which was banned in India due to national security concerns, had told the employees that they would be given money as a notice period for 9 months. However, there are some employees who have been asked to serve a notice period of 3 months.
Sources associated with Tiktok told The Economic Times that the employees were informed about the layoffs through a call earlier this week. Later he was given notice.
Company will give 9 months salary
The company has said that it will also pay 9 months salary to these employees. According to ET’s report, the employees of Tick Talk India were informed that February 28 would be their last day. In such a situation, he was given feelers to look for another opportunity. ET quoted sources as saying, “Employees were told some time ago that the business in India could be closed.”
Employees working in Dubai, Brazil
After the Chinese app was banned in India, most of the employees of all India were working in the market of Dubai and Brazil. There were more than 200 million users till Ticketot was banned in India. The company was considering the country as its biggest foreign market. However, after its ban, Instagram introduced Reels.
Yahoo also laid off
The process of layoffs continues in the world’s leading tech companies. After Google, Twitter, Amazon, Meta and Microsoft, now Yahoo has announced to lay off employees. The company said on Thursday that it plans to lay off more than 20% of the total workforce through a massive restructuring in its ed tech division. According to the news agency Reuters, the company said that by the end of the year, this cut will affect 50 percent of the employees working in Yahoo’s ad tech department. Of these, 1,000 employees will be fired this week.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
