China’s ByteDance will lay off staff at its Indonesian branch after closing a contract to integrate a local e-commerce company with its TikTok operation.
Following a deal in which it acquired a local e-commerce company and integrated it with its TikTok operation, China’s ByteDance will lay off employees at its Indonesian unit, a spokesperson said on Friday.
The number of workers impacted was not disclosed by TikTok’s owner, ByteDance. 450 job cuts were to be made, according to a previous Bloomberg story. The GoTo group sold its controlling stake in Indonesian e-commerce company Tokopedia to ByteDance in January. In a statement, ByteDance spokesman Nuraini Razak said that the firm would “make necessary adjustments” as a result of TikTok and Tokopedia joining together.
We found ways to improve team alignment with company objectives and fortify our organization,” the speaker stated, adding that the business would “strive to assist staff members during this shift.” Via the TikTok app, ByteDance ran its own e-commerce business in Indonesia. However, this was prohibited by an Indonesian law that stated social media apps could not be used as e-commerce platforms.
One of the top e-commerce sites in the biggest economy in Southeast Asia is Tokope.
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