TikTok proprietor ByteDance mentioned on Tuesday it will hand out money bonuses to staff working to assist it “overcome challenges posed by the COVID-19 pandemic and altering macro surroundings”.
Full-time staff who’ve labored for 26 or extra working days between July to August can be given a bonus price half their August base wage, based on a letter from ByteDance to its staff that was seen by Reuters.
“Thanks to your arduous work and dedication,” the letter says. ByteDance has mentioned it has over 60,000 staff globally.
The bonus may run into a whole lot of thousands and thousands of yuan, based mostly on ByteDance’s hiring ads and firm sources.
ByteDance confirmed the letter however didn’t present particulars.
ByteDance has come underneath world scrutiny amid considerations about TikTok’s assortment of private knowledge and censoring of political content material. The USA has mentioned it is going to ban the short video app until ByteDance sells the app’s US operations amid rising tensions between Washington and Beijing.
ByteDance has mentioned the Chinese language authorities doesn’t have any jurisdiction over TikTok content material.
TikTok has additionally confronted challenges in India, the place it was amongst dozens of Chinese apps banned in June following a border conflict between the nations.
“The TikTok group and particularly the deal group have been working day in and time out,” an organization supply mentioned, including employees morale at TikTok had been hit by the worldwide challenges in addition to the departure of its CEO Kevin Mayer who quit after simply three months.
ByteDance founder and CEO, Zhang Yiming, mentioned in an earlier letter that the employees had been working “countless hours” amid the encompassing “noise”.
ByteDance’s money bonuses, which come as many corporations face monetary strain as a result of COVID-19 and a slowing financial system, was on Tuesday among the many most mentioned matters on Maimai, China’s model of LinkedIn.
Late final yr, Chinese language telecoms big Huawei additionally mentioned it will hand out CNY 2 billion (roughly Rs. 2,153 crores) in money rewards to employees as a mark of recognition for work within the face of a US commerce blacklisting.
© Thomson Reuters 2020
Ought to the federal government clarify why Chinese language apps had been banned? We mentioned this on Orbital, our weekly expertise podcast, which you’ll subscribe to through Apple Podcasts, Google Podcasts, or RSS, download the episode, or simply hit the play button under.
