Tag: ByteDance
ByteDance restructures gaming division, halting projects & exploring divestment
After two years of modest performance, ByteDance's gaming division, Nuverse, is undergoing substantial downsizing.
Bytedance, the parent company of TikTok, is instructing its employees to...
TikTok parent company ByteDance allows U.S. employees to sell shares early
ByteDance, the Chinese parent company of TikTok, has allowed its U.S. employees to cash out their shares before the company goes public. The move...
TikTok restructures globally, lays off staff
TikTok has not only fired some of its staff in the US, but also told some in Britain and Europe that their employment is...
ByteDance lays off people as part of restructuring
Chinese multinational internet technology company, ByteDance, is going through a major restructuring process. As part of the exercise, it is laying off people in...
TikTok to close India business, large-scale layoffs expected
With restrictions on its services still in place, Bytedance, which owns TikTok, has decided to close its business in India. Along with 58 other...
China-based ByteDance recruiting for its AI drug-discovery team
Tik Tok's parent company, ByteDance, is diversifying into the health industry. It will start hiring for its AI drug discovery team. At least five...
Bonuses for ByteDance employees in India, amidst pandemic and TikTok ban
Beijing-based Chinese internet technology company, ByteDance, has announced cash bonuses to all its eligible staff, which is good news for its 2,000 strong workforce...
ByteDance freezes hiring, reassigns senior roles in India
ByteDance, the parent company of TikTok, has put a stop to hiring and is trying to reallocate roles of senior managers in its India...
UC Web winds up in India, lays off 90% staff
UC Web, subsidiary of the China-based multinational firm, Alibaba Group, has suspended its India operations. It has asked 90 per cent of its workforce...