<story><title>TikTok-owner ByteDance planning to layoff thousands in coming months</title><url>https://www.firstpost.com/world/tiktok-owner-bytedance-planning-to-layoff-thousands-in-coming-months-in-china-12185652.html</url></story><parent_chain></parent_chain><comment><author>gregdoesit</author><text>In what is interesting, TikTok &amp;#x2F; ByteDance was on an absolute hiring spree for devs October to January for sure, while most other tech companies took the back seat or did cuts. Here’s data I got my hands on, comparing the number of “software engineer” positions at companies and ByteDance stands out unmissably:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;gergelyorosz&amp;#x2F;status&amp;#x2F;1628831860611506178&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;gergelyorosz&amp;#x2F;status&amp;#x2F;1628831860611506178&lt;/a&gt;&lt;p&gt;Makes me wonder how they missed the memo that Meta got by October&amp;#x2F;November, Google and Amazon also by end of year: that the market is slowing.&lt;p&gt;I assumed Bytedance had just as good - if not better - data on the market than eg Meta, but Meta seems to have responded far far earlier to what looks like a stagnating market for as spend, than TikTok.</text></comment>
<story><title>TikTok-owner ByteDance planning to layoff thousands in coming months</title><url>https://www.firstpost.com/world/tiktok-owner-bytedance-planning-to-layoff-thousands-in-coming-months-in-china-12185652.html</url></story><parent_chain></parent_chain><comment><author>morelinks</author><text>I don’t work in tech (and my question here will prove that) but how does a company lay off 10,000 people without seriously harming their product or ceasing products all together? Is tech that bloated? What are people doing all day where it’s realistic to lay of 10,000 people?</text></comment>