Recently, we’ve seen a number of companies undertake business restructuring in line with economic uncertainty - including Microsoft cutting employees, as well as Apple stopping hiring.
Recently, TikTok has also been seen restructuring globally, and will reduce workers in some countries, such as in the United States, UK, and so on.
For now, it is not known how many TikTok employees will be affected by this change, and what positions will be affected.
With slow economic movements and high inflation, could we see more companies doing the same in the coming weeks?
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NEWS & FACT