"TikTok is laying off employees in an effort to reduce costs, according to employees at the video-sharing platform, making it the latest technology company to conduct a round of staff reductions in recent weeks.
About 60 employees were laid off, mostly in the company's sales and advertising division, according to a company spokesperson, who attributed the shakeup to a routine reorganization. The eliminated roles include workers in Los Angeles, New York, Austin and abroad."
https://www.npr.org/2024/01/22/1226127366/tiktok-cuts-jobs-tech-layoffs-china