Business News Desk, The largest short video app Tiktok has sacked all its employees in India. The video sharing app owned by Chinese company ByteDance is no longer working in India. It was banned by the government after the Galwan Valley clash with China in 2020, in which 20 Indian soldiers were killed. Sources connected to TikTok told The Economic Times that a call to employees earlier this week The layoffs were informed through Later he was given notice.
Company will give 9 months salary
The company has said that it will also pay 9 months salary to these employees. According to ET’s report, the employees of Tick Talk India were informed that February 28 would be their last day. In such a situation, he was given feelers to look for another chance. ET quoted sources as saying, “The employees were told some time ago that the business in India may be closed.”
Employees working in Dubai, Brazil
After the Chinese app was banned in India, most of the employees from all over India were working in the market of Dubai and Brazil. Till the time Tiktok was banned in India, there were more than 200 million users. The company was considering the country as its biggest overseas market. However, after its ban, Instagram introduced Reels.
Yahoo also laid off
The process of layoffs continues in the world’s leading tech companies. After Google, Twitter, Amazon, Meta and Microsoft, Yahoo has now announced layoffs. The company said on Thursday that it plans to lay off more than 20% of the total workforce through a massive restructuring in its Ed Tech division.