India  

TikTok owner facing layoffs after India ban

Video Credit: Reuters Studio - Duration: 01:13s - Published
TikTok owner facing layoffs after India ban

TikTok owner facing layoffs after India ban

TikTok owner ByteDance is to lay off members of its India staff, after a ban in the country was upheld.

An internal memo viewed by Reuters said it can't keep a full-sized team while the app remained banned.

Lucy Fielder reports.


You Might Like


đź’ˇ newsR Knowledge: Other News Mentions

ByteDance ByteDance Chinese internet technology company

John Oliver Mocks Nancy Pelosi on 'Last Week Tonight' Following House Passage of TikTok Bill | THR News Video [Video]

John Oliver Mocks Nancy Pelosi on 'Last Week Tonight' Following House Passage of TikTok Bill | THR News Video

John Oliver is the latest to mock Nancy Pelosi for her widely ridiculed TikTok pun. On HBO's 'Last Week Tonight,' the host brought up how the U.S. House of Representatives passed a bill that would lead to a ban on TikTok if its China-based owner doesn't sell its stake. The bill passed on concerns that the app poses a national security threat under the ownership of Chinese technology firm ByteDance Ltd.

Credit: The Hollywood Reporter    Duration: 01:18Published
Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok [Video]

Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok

Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. On March 13, the House of Representatives passed the bill, which would force ByteDance to divest the platform or face a ban on the app in the U.S. I think the legislation should pass and I think it should be sold. It’s a great business and I’m going to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. However, TikTok CEO Shou Zi Chew has said that selling TikTok is not a viable option. . According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. . Mnuchin has yet to specify the potential valuation of a deal to acquire the social media platform or which investors may be interested in the deal. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok

Credit: Wibbitz Top Stories    Duration: 01:31Published
The Fate of TikTok: U.S. House Passes Bill Amidst Security Concerns, Warns ByteDance | Oneindia News [Video]

The Fate of TikTok: U.S. House Passes Bill Amidst Security Concerns, Warns ByteDance | Oneindia News

Watch as the US House of Representatives makes a decisive move, passing a bill that could spell trouble for TikTok's Chinese owner, ByteDance. Learn about the implications of this legislation and what it means for the future of the popular short video app. #TikTok #TikTokBan #ByteDance #USNews #USA #USHouse #USBillonTikTok #TikTokVideos #JoeBiden #USCongress #Oneindia ~HT.99~PR.274~ED.103~

Credit: Oneindia    Duration: 02:18Published
Biden Backs Bill to Ban TikTok If No Divestment in 6-Months, Awaits Congressional Approval| Oneindia [Video]

Biden Backs Bill to Ban TikTok If No Divestment in 6-Months, Awaits Congressional Approval| Oneindia

The US House plans to vote on legislation giving ByteDance six months to divest TikTok, addressing national security concerns. President Biden supports the bill, highlighting bipartisan efforts amid Trump's objections. Despite past attempts to ban TikTok, legal challenges thwarted Trump's efforts. The legislation faces hurdles, including opposition from tech companies. The fate of TikTok remains uncertain, impacting millions of American users and broader tech regulation debates. #USHouse #ByteDance #TikTok #Trump #BidenTikTok #TikTokBan #TikToknews #USnews #Worldnews #Oneindia #Oneindianews ~HT.178~PR.152~ED.103~GR.121~

Credit: Oneindia    Duration: 02:20Published
TikTok Faces Potential Ban in US as Lawmakers Give Six Months Deadline| Oneindia News [Video]

TikTok Faces Potential Ban in US as Lawmakers Give Six Months Deadline| Oneindia News

A bipartisan group of US lawmakers has introduced a bill giving China's ByteDance six months to divest TikTok or face a US ban due to national security concerns. This follows India's 2020 ban on TikTok. The bill requires Senate support and will be considered in a House committee hearing. TikTok denies data sharing with China but faces scrutiny over its ownership. #TikTok #USLawmakers #TikToknews #Bytedance #ChinaApps #Chinese #USnews #RepublicanLawmakers #Worldnews #Oneindia #Oneindianews ~ED.101~

Credit: Oneindia    Duration: 02:39Published

TikTok TikTok Video-focused social media platform

Brussels asks Big Tech to counter threats to integrity of European elections [Video]

Brussels asks Big Tech to counter threats to integrity of European elections

The European Commission has asked X, TikTok, Facebook and other online platforms to mitigate risks to elections and clamp down on voter disinformation, as part of new guidelines adopted on Tuesday.

Credit: euronews (in English)    Duration: 01:14Published

Ryan Garcia Breaks Down In TikTok Video, Tearfully Thanks Fans

Ryan Garcia just got super emotional on video ... crying as he tried to create a TikTok to thank his fans for their recent support. The boxing star can be seen..
TMZ.com
China says US TikTok vote follows 'logic of a bandit' [Video]

China says US TikTok vote follows 'logic of a bandit'

Credit: FRANCE 24 English    Duration: 00:23Published
TikTok Ban Expected in US| Congress Approves Bill to Combat Foreign Adversary Applications| Oneindia [Video]

TikTok Ban Expected in US| Congress Approves Bill to Combat Foreign Adversary Applications| Oneindia

Amidst escalating tensions between India and China, the US Senate unanimously passed a bill banning Chinese applications, notably TikTok. TikTok's immense US user base faces upheaval as bipartisan support propels the legislation, citing national security concerns. Despite TikTok's objections, China warns of repercussions, labeling the move as "bullying behavior." #China #TikTok #tiktokBan TikToknews #TikTokUpdates #USSenate #UsHouse #Worldnews #USnews #Oneindia #Oneindianews ~HT.178~PR.152~ED.101~GR.125~

Credit: Oneindia    Duration: 02:06Published

Related news from verified sources

TikTok owner ByteDance cuts India workforce, unsure of comeback after app ban

China's ByteDance is cutting the size of its 2,000-plus India team and is unsure when it will make a...
IndiaTimes - Published

TikTok’s Indian rivals ramp up hiring after ByteDance’s massive layoffs

It is unlikely that TikTok will return to India ever again. Reports circulating on the internet...
BGR India - Published


Related videos from verified sources

Tiktok, WeChat and 57 other Chinese apps stand permanently banned from India|Oneindia News [Video]

Tiktok, WeChat and 57 other Chinese apps stand permanently banned from India|Oneindia News

Tiktok, WeChat and 57 other Chinese apps stand permanently banned from India after notices were issued to them last year. The Ministry of Electronics and Information Technology issued fresh notices to..

Credit: Oneindia     Duration: 01:16Published