TikTok’s Chinese parent has declared a rare half-month’s salary bonus for employees. — Bloomberg
TikTok’s Chinese parent has declared a rare half-month’s salary bonus for employees, hoping to calm a 60,000-plus workforce across the globe as negotiations around the sale of the video service’s US operations approach the Trump administration’s September deadline.
ByteDance Ltd will dole out the bonus this month to reward employees at a time of unprecedented economic and social upheaval, the company said in an internal memo seen by Bloomberg News. While the Beijing-based startup is known for paying lavishly to poach experts in critical fields such as artificial intelligence, it’s unusual for the firm to declare a handout in the middle of the year. A ByteDance representative confirmed the memo.
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