Exclusive | ByteDance to slash 1,000 jobs at office tool unit Feishu to ‘streamline’ operations: source
- ByteDance will cut up to 20 per cent of Feishu’s total workforce of more than 5,000, with most of the lay-offs in mainland China, according to a source
- The lay-offs at a key business unit of China’s most valuable unicorn have deepened fears of job security in the country’s tech sector
ByteDance, owner of hit short video app TikTok, has started cutting jobs at its enterprise collaboration unit Feishu, affecting about 1,000 employees, according to a person familiar with the matter.
The Feishu unit, which operates the Feishu office tool and its overseas version Lark, decided to “streamline [its] team” by eliminating jobs, according to a letter sent by unit head Xie Xin to employees on Tuesday. The letter did not elaborate how many jobs would be cut.
A source briefed on the matter, who declined to be named, told the Post that ByteDance will cut up to 20 per cent of Feishu’s total workforce of more than 5,000, with most of the lay-offs in mainland China. Those affected will receive compensation or be offered the opportunity to apply for other internal positions.
ByteDance did not immediately respond to a request for comment on Tuesday.