- The wave of layoffs in the tech sector that began in the second half of 2022 peaked in 2023, with Microsoft and Google announcing plans to cut over ten thousand jobs at the beginning of the year.
- While the exact number of job losses is unspecified, reports suggest a considerable portion of the roughly 1,000 employees in the teams of user support, communications, content, and marketing, may be affected, raising concerns about the scale and implications of the layoffs.
- Triller is a short-form video content social media platform similar to TikTok, but with a longer presence.
TikTok intends to reduce staff in user support, communications, content, and marketing, disbanding the global user operations team and redistributing employees.
Layoffs wave in the tech industry
The wave of layoffs in the tech sector that began in the second half of 2022 peaked in 2023, with Microsoft and Google announcing plans to cut over ten thousand jobs at the beginning of the year.
So far this year, other major tech companies including Google and Amazon have laid off thousands of employees, as the industry shifts resources towards the competition to develop new generative AI tools, seen by many as the next tech gold rush.
In comparison to these US tech giants wielding the layoff axe, TikTok has rarely engaged in such large-scale layoffs. Typically, TikTok adjusts its workforce gradually through performance evaluations and ongoing small-scale reorganisations. Over the past year, TikTok has undergone several rounds of layoffs, but they have been relatively small in scale.
Also read: Canada security intelligence chief warns China can leverage TikTok user data
Uncertainty surrounding job losses
While the exact number of job losses is unspecified, reports suggest a considerable portion of the roughly 1,000 employees in the teams of user support, communications, content, and marketing, may be affected, raising concerns about the scale and implications of the layoffs.
The US TikTok ban stipulates that if TikTok does not sever ties with its parent company ByteDance, its operations in the US will be prohibited within a year. Previously, ByteDance had explicitly stated that it had no intention of selling TikTok. In response to the threat of the US ban, TikTok has sometimes emphasised the size of its workforce in the US. However, it’s worth noting that the employees being laid off are not all from the US.
The future facing TikTok employees is uncertain. This social media operator may struggle to cope with the threat of divestment or ban legislation. The threat of layoffs will further increase the difficulty for TikTok’s HR team in managing remaining employees, including aspects such as uncertainty, morale, dedication, productivity, and retention.
Also read: TikTok creators and ByteDance fight proposed ban in court
The potential threat of Triller
Triller is a short-form video content social media platform similar to TikTok, but with a longer presence. Currently, Triller appears to be taking action by not only pulling the Sway House, a collaborative group of TikTok creators aged 18-21, away from TikTok through new partnership arrangements, but also initiating copyright infringement lawsuits against TikTok.
