ByteDance handy out money bonuses to workers amid US stress on TikTok

Beijing/Shanghai, September 8

TikTok proprietor ByteDance stated on Tuesday it will hand out money bonuses to workers working to assist it “overcome challenges posed by the COVID-19 pandemic and changing macro environment”.

Full-time workers, who’ve labored for 26 or extra working days between July to August, will probably be given a bonus price half their August base wage, in keeping with a letter from ByteDance to its workers that was seen by Reuters.

“Thank you for your hard work and dedication,” the letter says. ByteDance has stated it has over 60,000 workers globally.

The bonus may run into a whole lot of hundreds of thousands of yuan, based mostly on ByteDance’s hiring ads and firm sources.

ByteDance confirmed the letter however didn’t present particulars.

ByteDance has come underneath international scrutiny amid issues about TikTok’s assortment of non-public information and censoring of political content material. The United States has stated it is going to ban the quick video app until ByteDance sells the app’s US operations amid rising tensions between Washington and Beijing.

ByteDance has stated the Chinese authorities doesn’t have any jurisdiction over TikTok content material.

TikTok has additionally confronted challenges in India, the place it was amongst dozens of Chinese apps banned in June following a border conflict between the international locations.

“The TikTok team and especially the deal team have been working day in and day out,” an organization supply stated, including workers morale at TikTok had been hit by the worldwide challenges in addition to the departure of its CEO Kevin Mayer who give up after simply three months.

ByteDance founder and CEO Zhang Yiming stated in an earlier letter that the workers had been working “endless hours” amid the encompassing “noise”.

ByteDance’s money bonuses, which come as many firms face monetary stress resulting from COVID-19 and a slowing economic system, was on Tuesday among the many most mentioned matters on Maimai, China’s model of LinkedIn.

Late final 12 months, Chinese telecoms large Huawei additionally stated it will hand out 2 billion yuan ($293 million) in money rewards to workers as a mark of recognition for work within the face of a US commerce blacklisting. Reuters

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