This plan includes the potential closure of three factories, as well as downsizing across all other German production facilities, raising serious concerns about job security for thousands of employees
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According to the company's FY23-24 annual report, the workforce in customer service dropped from 1,100 to just over 400
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The company plans to reduce nearly 2,000 jobs in Greater China and another 350 positions across Europe
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These cuts, which represent around 7% of the division's workforce, are expected to take place by mid-2026
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The layoffs are impacting teams across WhatsApp, Instagram, Threads and other divisions
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The company appointed Alain Tascan as president & Jeet Shroff as VP of games tech division, and has laid off employees for cost-cutting
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TikTok's spokesperson said the decision reflects their ongoing efforts to optimise their global operating model for content moderation
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This restructuring plan is part of CEO Andy Jassy’s broader strategy to streamline operations and enhance efficiency across the company
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The layoffs are expected to impact around 10% of employees in Southeast Asia, Australia and New Zealand
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Roughly 140 employees have alredy been affected from its television vision in July 2024
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