“We’ve always been more cautious in terms of hiring,” Chew told the conference. “At this stage of our growth, I think our pace and cadence of hiring is right for us.” At the same time, he reaffirmed: “We’re still hiring, albeit, you know, at a pace that we think is commensurate with the global challenges we’re facing.”
In the last weeks, Meta said it would cut 11,000 jobs companywide; Twitter cut about half of its staff under its new ownership Elon Musk; and Amazon confirmed that it had launched wide-ranging layoffs. Current and former leaders of these companies have said they expanded too quickly, especially during the pandemic, when consumers changed their online habits. Now these same tech companies are facing whiplash demand and cutting thousands of jobs as broader economic conditions unravel and recession fears mount, according to CNN.
The changing hiring landscape in Silicon Valley could help TikTok appease critics and cement its footing in the United States, as well as expand into new product categories.
According to the media, the job portal has 4,000 vacancies around the world.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
