The Bytedance-owned social media company has terminated every single one of its workers in India, where TikTok has been prohibited for over three years. TikTok, which had the second-highest user base in India in 2020, was banned for national security grounds.
The company nevertheless had a presence in India even if it lost market share there. The majority of the TikTok employees based in India were primarily concerned with the Dubai and Brazil markets.
Bytedance tried to work out a deal with the Indian government but was unable to re-enter the Indian market. The app’s future is also in doubt in the US. The forty employees of TikTok India received pink slips on Monday on a phone call and were guaranteed nine months of severance pay, according to the most recent events.
The staff of TikTok India was notified that February 28 would be their final day and were handed feelers to search around for other chances for a while, according to a close source. The personnel working out of the India office concentrated mostly on the markets in Brazil and Dubai. Tiktok was outlawed in India along with 300 other Chinese applications owing to worries about national security.
“The whole crew was made aware. Anyhow, we were advised some time ago that there may be a disruption in the Indian industry, which would make finding a job difficult. Most employees will receive 90 days of severance pay, “According to the report, of another insider was informed. Bytedance has declined to address the layoffs in any way. “We have decided to close our India remote sales support center, which was formed at the end of 2020, to assist our global and regional sales teams. This personnel has had a significant positive influence on our business, and we will make sure they are supported throughout this trying time.
Sameer Singh was given a promotion by TikTok earlier this month to oversee its global business solutions in North America. 2019 saw Singh join TikTok. TikTok has a sizable user base in India. The 15-second video platform ranked top for Android app downloads in India in 2019 and was one of the biggest markets outside of China. In addition to using it for leisure, people from all walks of life had access to employment opportunities.
The app was prohibited since it was found to be storing the private information of Indian users. Indian security experts said that Chinese government entities had access to the stored data.
The Reason for TikTok Layoffs
Even though the firm hasn’t provided an official justification for terminating employees in India, it is believed that this is the case since the Indian Government is consistently blocking Chinese applications from the country. In the year 2020, when India was the second-largest app market, the ByteDance-owned app was outlawed in India by the government. The Indian Government has banned the app along with 300 other well-known Chinese applications, Citing “components linked to records safety and retaining the privateness of a hundred thirty crore Indians.
The Ministry of Information Technology decided to block 59 apps because, according to the information available, they are engaged in activities that are detrimental to India’s sovereignty and integrity, invoking its authority under section 39A of the Information Technology Act and the relevant provisions of the Information Technology Rules 2009 in light of the emergent nature of the After that, though, the embargo was momentarily eased. However, TikTok job cuts may have resulted from the Indian government’s ongoing crackdown on Chinese applications.
Before the software was removed from the store, a Check Point According to research, TikTok has several flaws that might have been exploited to change user account content or even steal sensitive data that had been kept there. According to the research, Tiktok’s subdomain https://ads.tiktok.com was susceptible to XSS attacks, in which malicious scripts are inserted into otherwise trustworthy and innocent websites.
Global Job Cuts
As part of its cost-cutting measures, Yahoo intends to let off more than 20% of its staff by the end of this year. Yahoo intends to fire off 1,000 staff starting this week. By the end of the year, 50% of the company’s ad tech staff will be laid go. According to sources, the decision was made as part of the company’s intentions to reorganize its ad tech group. The firm intends to concentrate on its ad business, known as DSP or demand-side platform. In 2021, private equity company Apollo Global Management paid $5 billion to Verizon for a 90% interest in Yahoo.
The Walt Disney Firm, located in the United States, stated earlier this week that it will reduce its employment by 3.6%, or 7,000 people, as the company strives to cut expenses and apply real methods to make its streaming business profitable. Dell Technologies said on February 6 that it will lay off 6,650 people, or 5% of its global workforce, to combat declining revenues. The Dutch business Philips, which makes health technologies, revealed this week that it will eliminate 6,000 more jobs by 2025 or 5% of its whole worldwide staff.
Software behemoths IBM and SAP also made intentions to lay off workers public last month. While SAP revealed plans to eliminate at least 3,000 positions, or 2.5% of its worldwide workforce, IBM Corp. laid off 3,900 people from its global workforce. By the third fiscal quarter of 2023, Microsoft will also lay off 10,000 people, or about of its worldwide staff, while Google will eliminate 12,000 positions globally or 6% of its overall workforce. Over 18,000 employees will be let go by Amazon starting on January 18, 2023.
Companies like Meta and Twitter have also admitted to laying off a sizable section of their personnel to save expenses in the face of challenging global economic conditions. HP, a leading manufacturer of computers, had indicated it will fire 4,000–6,000 workers by the end of its fiscal year in 2025.
