TikTok is laying off employees in an effort to reduce costs, according to employees at the video-sharing platform, making it the latest technology company to conduct a round of staff reductions in recent weeks.
About 60 employees were laid off, mostly in the company’s sales and advertising division, according to a company spokesperson, who attributed the shakeup to a routine reorganization. The eliminated roles include workers in Los Angeles, New York, Austin and abroad.
The company has scheduled a townhall meeting set to take place Tuesday in the wake of the layoff announcement.
TikTok is one of the most popular apps in U.S., and it has about 7,000 employees in the country. Its China-based parent company, the tech giant ByteDance, has more than 150,000 workers spread across the globe.
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