Popular video social-sharing platform TikTok has confirmed a recent workforce restructuring that resulted in the departure of approximately 60 employees.
The cuts primarily impacted the sales and advertising departments across various locations, including Los Angeles, New York, Austin, and other international offices.
While specific reasons for the layoffs remain undisclosed, it's likely part of a broader strategic move to optimize operations and maintain profitability amidst global economic uncertainties.
This streamlining comes as several major tech companies have initiated similar restructuring measures in recent months, aiming to navigate industry-wide challenges and adapt to evolving market conditions.
TikTok currently retains a substantial workforce of over 7,000 employees in the United States alone, highlighting its continued commitment to the region despite the recent downsizing.
The company's parent organization, ByteDance, boasts a global workforce exceeding 150,000, further solidifying its position as a significant player in the digital landscape.
While the impact of these layoffs on individual employees is undeniable, the move underscores TikTok's focus on strategic alignment and long-term viability.
As the company navigates evolving market dynamics, it remains to be seen if further restructuring efforts will take place.
It's also worth noting that the company announced a town hall meeting to address employee concerns and provide additional information regarding the recent changes.