HONG KONG – ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the South China Morning Post reported on Tuesday (Jan 3).

The job cuts have been implemented at Douyin, the Chinese equivalent of TikTok with about 600 million daily users, as well as the companys gaming and real estate operations, SCMP reported citing sources.

The job cuts represent a small percentage of ByteDances workforce, the report added.

ByteDance did not immediately respond to Reuters request for comment. REUTERS More On This Topic ByteDance employees inappropriately gained access to TikTok user data Tech layoffs this year offer hiring boon for start-ups that survive