Close Menu
    What's Hot

    Zscaler, Together With Bharti Airtel, Announce Launch of AI & Cyber Threat Research Center to Advance Cyber Resilience and Trusted AI Adoption

    February 21, 2026

    Airtel launches new AI-powered protection from ‘frauds caused by OTP leakages’

    February 11, 2026

    Häfele India Opens Its Largest-Ever Flagship Design Centre in Gurugram

    February 6, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Finance KhabarFinance Khabar
    • Home
    • Fixed Deposit
    • Personal Loan
    • Home Loan
    • Mutual Fund
    • Insurance
    • Credit Card
    • Equities
    • M&A
    • Start Ups
    • Banks
    • Others
      • P R
    Finance KhabarFinance Khabar
    Home»Featured»Tiktok shuts down India business but continues to engage with government
    Featured

    Tiktok shuts down India business but continues to engage with government

    Finance KhabarBy Finance KhabarJanuary 27, 2021No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Indian government to impose permanent ban on 59 Chinese apps including TikTok, UC Browser
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New Delhi: Tiktok’s global interim head Vanessa Pappas and vice president for global business solutions Blake Chandlee in a joint email to employees have communicated the decision of the company to reduce its team size and the decision will impact all employees in India.

    According to sources at ByteDance, the company is retrenching its workforce in India and will continue to operate with skeletal staff in select department such as legal, administrative, human resource, accounts etc, to facilitate the settlements and engagement with the government.

    Pappas and Tiktok’s global general counsel Erich Andersen briefed employees in a town hall on Wednesday morning about the lay-off plan and offered them three-month salary as well as additional month remuneration in proportion to the number of years they have worked for the company.

    The executives expressed uncertainty on the company’s comeback to India but expressed hope to do so in times to come.

    ”While we don’t know when we will make a comeback in India, we are confident in our resilience, and desire to do so in times to come,” Pappa and Chandlee said in the joint email.

    When contacted, a Tiktok spokesperson said the company has worked steadfastly to comply with the Government of India order issued on June 29, 2020 and continually strives to make its apps comply with local laws and regulations.

    ”It is therefore disappointing that in the ensuing seven months, despite our efforts we have not been given a clear direction on how and when our apps could be reinstated. It is deeply regretful that after supporting our over 2,000 employees in India for more than half a year, we have no choice but to scale back the size of our workforce.

    ”We look forward to receiving the opportunity to relaunch TikTok and support the hundreds of millions of users, artists, story-tellers, educators and performers in India,” the spokesperson said.

    tiktok
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleIndian business should dedicate portion of their wealth to fund domestic startups: Goyal
    Next Article Sensex broke more than 1000 points
    Finance Khabar

    Related Posts

    TotalEnergies Plans to Exit India’s Renewable Sector, Looks to Cut Spending

    September 30, 2025

    Amit Shah to Attend FE Best Banks Awards in Mumbai

    September 25, 2025

    SEBI and RBI Plan Easier Rules for Foreign Investors

    September 23, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    Zscaler, Together With Bharti Airtel, Announce Launch of AI & Cyber Threat Research Center to Advance Cyber Resilience and Trusted AI Adoption

    February 21, 2026

    Airtel launches new AI-powered protection from ‘frauds caused by OTP leakages’

    February 11, 2026

    Häfele India Opens Its Largest-Ever Flagship Design Centre in Gurugram

    February 6, 2026

    Subscribe to Updates

    Stay in the know with Finance Khabar! Never miss a beat when it comes to the latest in finance, investing, and personal finance tips.

    Thank you for choosing Finance Khabar as your go-to resource for all things finance. We're here to help you achieve financial success!

    Facebook X (Twitter) Instagram
    Quick Links
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Term And Conditions
    Copyright © 2026 FINANCE KHABAR. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.