Short video app TikTok, owned by Chinese Internet giant ByteDance, on Wednesday said it has decided to slash staff in India after the country extended a ban on the app. The letter does not mention how many out of its 2,000-plus employees in India TikTok will let go. Earlier, some employees seeking anonymity had indicated that TikTok India had given pay hikes despite the ban. Holding company ByteDance’s revenue more than doubled in 2020, despite troubles in markets such as India and the US. It is deeply regretful that after supporting our 2,000+ employees in India for more than half a year, we have no choice but to scale back the size of our workforce.

Source: Mint January 27, 2021 06:34 UTC