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Beijing/Shanghai:
TikTookay proprietor ByteDance mentioned 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 can be given a bonus price 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 mentioned it has over 60,000 staff globally.
The bonus may run into tons of of thousands and thousands of yuan, primarily based on ByteDance’s hiring ads and firm sources.
ByteDance confirmed the letter however didn’t present particulars.
ByteDance has come underneath world scrutiny amid issues about TikTookay’s assortment of private information and censoring of political content material. The United States has mentioned it’ll ban the quick video app except ByteDance sells the app’s U.S. operations amid rising tensions between Washington and Beijing.
ByteDance has mentioned the Chinese authorities doesn’t have any jurisdiction over TikTookay content material.
TikTookay 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 mentioned, including employees morale at TikTookay had been hit by the worldwide challenges in addition to the departure of its CEO Kevin Mayer who stop after simply three months.
ByteDance founder and CEO, Zhang Yiming, mentioned in an earlier letter that the employees had been working “endless hours” amid the encompassing “noise”.
ByteDance’s money bonuses, which come as many corporations face monetary strain attributable to COVID-19 and a slowing economic system, was on Tuesday among the many most mentioned subjects on Maimai, China’s model of LinkedIn.
Late final yr, Chinese telecoms big Huawei additionally mentioned it could hand out 2 billion yuan ($293 million) in money rewards to employees as a mark of recognition for work within the face of a U.S. commerce blacklisting.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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