Image source: Tech in Asia
TikTok is one of the handful of tech companies to take the opposite direction and continue hiring amid a bleak economy.
Meanwhile, the majority in Silicon Valley announced it would freeze hiring and layoffs.
Hiring
An anonymous source confirmed Monday that the short-video app company is moving forward with its hiring.
TikTok is committed to its goal of hiring more than 1,000 engineers at its Mountain View, California office.
In addition, the hiring refers to the company’s goal of ensuring that a team in the country verifies user data in the United States.
Furthermore, the target comes after scrutiny in Washington for parent company ByteDance’s ties to China.
News of TikTok’s hiring first came from the media outlet The Information.
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Corporate
TikTok CEO Shou Zi Chew confirmed they were still recruiting.
He shared the announcement during the Bloomberg New Economy Forum last week in Singapore.
Regarding the layoffs at other tech companies like Meta and Amazon, Chew said:
“We have always been more cautious in terms of recruitment,” said Chew.
“At this stage of our growth, I think that our pace, our cadence, of hiring is just right for us.”
The industry
In recent weeks, several companies have announced layoffs and staff cuts.
Currently, Meta is cutting 11,000 jobs at the company, Elon Musk is laying off half of Twitter’s staff, and Amazon is confirming that mass layoffs have begun.
Current and former leaders of the companies admit they expanded too quickly during the pandemic.
At that time, consumers shifted their lives online.
However, companies are now facing massive demand, cutting thousands of jobs as the economy plummets and a recession looms.
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TikTok
The shift in Silicon Valley’s hiring landscape appears to favor the short-video app.
However, TikTok is trying to appease its critics and strengthen its position in the United States by looking to expand into new product categories.
The company’s career portal website currently offers more than 4,000 global positions, but it needs to be clarified how often they update the hiring page.
Last month, TikTok made headlines for listing new ecommerce-related features that indicated it was looking to build a warehousing and logistics network across the United States.
“We are still hiring,” said Chew last week.
“Although, you know, at a pace that we think corresponds with the global challenges that we’re facing.”
Reference:
As Meta and Twitter slash staff, TikTok plans to keep hiring
