Tiktok decides to shut down India business, to lay off 2,000 employees
Chinese social media firm Bytedance, which owns Tiktok and Helo apps,
has announced the closure of its India business following continued restrictions
on its services in the country.
Tiktok's global interim head Vanessa Pappas and vice president for
global business solutions Blake Chandlee in a joint email to employees have
communicated the decision of the company that it is reducing team size and the
decision will impact all employees in India.
The executives expressed uncertainty on the company's comeback to
India but expressed hope to do so in times to come.
"While we don't know when we will make a comeback in India,
we are confident in our resilience, and desire to do so in times to come,"
the email said.
According to a source at Bytedance, the company held a town hall
on Wednesday where it communicated about the closure of India business.
When contacted Tiktok spokesperson
said the company has worked steadfastly to comply with the government of India
order issued on June 29, 2020 and continually strives to make its apps comply
with local laws and regulations.
"It is therefore disappointing that in the ensuing seven
months, despite our efforts we have not been given a clear direction on how and
when our apps could be reinstated. It is deeply regretful that after supporting
our over 2,000 employees in India for more than half a year, we have no choice
but to scale back the size of our workforce.
Budget News: unionbudget2021-2022
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