Key Points
TikTok has joined the growing list of tech companies implementing layoffs, with around 60 employees let go in a bid to lower costs..
The move comes amid a broader economic slowdown in the tech industry, with giants such as Google, Amazon, and Meta also cutting jobs...
TikTok has also joined the list of tech companies that have slashed jobs this year, including Google, Amazon, Unity, and Discord..
However, amid the economic slowdown and turmoil in the tech industry, TikTok is also facing difficulties and hence moving towards cutting down its workforce and restructuring its operations to reduce costs...
However, the year 2024 is not far from the aftermath, and the industry is still shaking with job cuts and thousands of job losses in major tech companies like Google and Amazon this year, according to layoffs.fyi, a site that tracks tech layoffs..
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