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TikTok proprietor ByteDance mentioned on Tuesday it will 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 price half their August base wage, in accordance 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 lots of of thousands and thousands of yuan, based mostly on ByteDance’s hiring commercials and firm sources.
ByteDance confirmed the letter however didn’t present particulars.
ByteDance has come below international scrutiny amid issues about TikTok’s assortment of non-public information and censoring of political content material. The United States has mentioned it is going to ban the brief video app except ByteDance sells the app’s US operations amid rising tensions between Washington and Beijing.
ByteDance has mentioned 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 mentioned, including employees 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, mentioned in an earlier letter that the employees had been working “endless hours” amid the encircling “noise”.
ByteDance’s money bonuses, which come as many firms face monetary stress due to 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 yr, Chinese telecoms big Huawei additionally mentioned it will hand out CNY 2 billion (roughly Rs. 2,153 crores) in money rewards to employees as a mark of recognition for work within the face of a US commerce blacklisting.
© Thomson Reuters 2020
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