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TikTok to Close Its Indian Operations, with Mass Layoffs

China China Business & Economy China economy TikTok

TikTok to Close Its Indian Operations, with Mass Layoffs

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After India recently announced its decision to permanently ban 59 Chinese mobile apps including video-sharing app TikTok amid rising border tensions with China, TikTok is reportedly ending its business in India and making layoffs. TikTok issued a statement on Jan. 27 that “given the lack of feedback from the government about how to resolve this issue in the subsequent seven months, it is with deep sadness that we have decided to reduce our workforce in India.” Business Today,  an influential magazine in India, obtained an internal company memo in which TikTok’s Beijing-based parent company ByteDance told its 2,000-plus workforce in India that the firm would shut down its operations, due to the uncertainty of business prospects following the ban. The magazine cited insider sources at ByteDance who said the staff in India will be reduced to “skeletal staff in select departments such as legal, administrative, human resource, accounts etc, to …

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