After firing hundreds of employees, Tiktok says it hopes to relaunch in India soon
- The company said that it was scaling down its employee size in India, as there has been no intimation from the government regarding a possible solution to the ban.
TikTokwas banned in late June by the Indian government in the middle of rising tensions at the India-China border.
- Even with all the ups and downs in its businesses across the globe,
Bytedancehas reportedly raked in $37 billion in revenue in 2020, including $7 billion in profit.
In an email to its employees on Wednesday morning, the company said that it was scaling down its employee size in India, as there has been no intimation from the government regarding a possible solution to the ban.
“We initially hoped that this situation would be short-lived, and that we would be able to resolve this quickly. Seven months later, we find that has not been the case. Many of you have patiently waited to hear how this would play out, which has been very stressful. Thank you for your continued belief and trust in us,” wrote TikTok CEO Vanessa Pappas and VP of Global Business Blake Chandlee in an email to India employees today, as reported by TechCrunch.
TikTok was banned in late June by the Indian government, as were 58 other Chinese apps in the middle of rising tensions at the India-China border. Soon after, over hundred other Chinese apps were banned in the country over privacy and data concerns.
“We have worked steadfastly to comply with the Government of India order issued on June 29, 2020. We continually strive to make our apps comply with local laws and regulations and do our best to address any concerns they have. 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 2000+ employees in India for more than half a year, we have no choice but to scale back the size of our workforce. We look forward to receiving the opportunity to relaunch TikTok and support the hundreds of millions of users, artists, story-tellers, educators and performers in India," said a TikTok spokesperson.
Not just in India, TikTok saw complications in its business in India as former US President Donald Trump threatened to ban the app unless the company sold off its business to an American company – which it was eventually to Walmart and Oracle.
AdvertisementHowever, even with all the ups and downs in its businesses across the globe, Bytedance has reportedly raked in $37 billion in revenue in 2020, including $7 billion in profit.
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