TikTok Parent ByteDance to Hand Out Cash Bonuses to Staff Amid US Pressure

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

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

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

The bonus may run into a whole bunch of tens of millions of yuan, primarily based on ByteDance’s hiring ads and firm sources.

Also Read:   Infinix Note 7, Infinix Note 7 Lite Listed Online Ahead of Launch

ByteDance confirmed the letter however didn’t present particulars.

ByteDance has come beneath world scrutiny amid considerations about TikTok’s assortment of non-public information and censoring of political content material. The United States has stated it’ll ban the short 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 nations.

“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 quit after simply three months.

Also Read:   Amazon, Bill Gates-Backed Group Partner to Deliver Coronavirus Test Kits

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

ByteDance’s money bonuses, which come as many corporations face monetary strain as a consequence of COVID-19 and a slowing financial system, was on Tuesday among the many most mentioned matters on Maimai, China’s model of LinkedIn.

Late final 12 months, Chinese telecoms big Huawei additionally stated it could hand out CNY 2 billion (roughly Rs. 2,153 crores) in money rewards to workers as a mark of recognition for work within the face of a US commerce blacklisting.

© Thomson Reuters 2020

Should the federal government clarify why Chinese apps have been banned? We mentioned this on Orbital, our weekly expertise podcast, which you’ll be able to subscribe to through Apple Podcasts, Google Podcasts, or RSS, download the episode, or simply hit the play button under.

Source link


Don't forget to connect with REVIEWTECHAUTO on Facebook, Telegram, YouTube, and Instagram.

Load more