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    Business StandardNewspapersTelecom

    After deal with Tokopedia , ByteDance confirms its layoff plan in Indonesia

    Binu Mathew
    By Binu MathewJune 15, 2024

    China’s ByteDance will lay off staff at its Indonesian unit following a deal where it bought a local e-commerce firm and combined it with its TikTok operation, a spokesperson said on Friday.

    ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there would be 450 jobs cut.

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