TikTok, owned by China's ByteDance, lays off hundreds of employees globally to improve content moderation using AI technology.
Published 9 months ago · Labour Market
Reading time: 25s · Source 47s · · vedomosti.ru
Sentiment: · · ·businesses: TikTok
- TikTok is laying off hundreds of employees worldwide to enhance content moderation through AI.
- In Malaysia, over 700 employees were reported laid off, although TikTok confirmed it was less than 500.
- The layoffs were communicated via email on October 9, with more cuts expected in November.
- Currently, TikTok employs 110,000 staff across more than 20 cities globally.
- The platform uses a mix of manual moderation and AI-based methods for content moderation.
- In 2024, TikTok plans to invest $2 billion in 'trust and safety' initiatives.
- 80% of content violating community guidelines is now removed using automated technologies.
- The layoffs coincide with Malaysia's government requiring tech companies to obtain licenses by January to combat cybercrime.
Find out the mood, impact, relevance and relevant interest groups
Analyses of the article
SENTIMENT
The article discusses layoffs and job losses, which are negative developments for the affected employees and the company.
IMPACT
Short
The layoffs and changes in employment are immediate and have a direct effect on the workforce, indicating short-term impacts.
RELEVANCE
High
The layoffs at TikTok and the implications for content moderation are significant news that affects a broad audience, especially in the tech industry.
STAKEHOLDER
businesses
The article primarily focuses on TikTok as a business entity and its operational changes, making it relevant to businesses.