TikTok Shop Cutting More Indonesia Jobs After Taking Over Rival
ByteDance Ltd. 's e-commerce arm TikTok Shop is eliminating several hundred jobs in Indonesia in its latest round of cuts, slashing costs after taking over the operations of local rival Tokopedia last year.
The Chinese social media giant is reducing staff across e-commerce teams including logistics, operations, marketing and warehousing, according to people familiar with the matter. More cuts are set to happen as soon as July, said one of the people, who asked not to be identified because the discussions haven't been made public. The reduction leaves Tokopedia and TikTok Shop with about 2,500 employees in total in Indonesia.
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