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TikTok Reportedly Reorganizes US Operations, Involving Layoffs
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ByteDance's TikTok is currently reorganizing its US operations, including a major restructuring of its trust and security team and the TikTok Shop, as it waits for the US government's explicit directive on the sale of its US business, according to Nikkei Asia. The reorganization is said to include layoffs at various US offices, which are partly in preparation for a potential spin-off of TikTok's US business, as well as internal adjustments as a result of TikTok Shop's failure to meet certain performance targets. AAStocks Financial News Website: www.aastocks.com |
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