Billionaire Tech Investor - How He Got Rich

He's already made gains of 200,000% ... 499,000% ... and even 3,250,000% on tech startups over the last two decades. Now, he's invested in a stock few people have heard of, which is trading for just $25 a share. See how you can invest alongside him (but you'll want to do it between now and May 5th.

TikTok's Toxic Work Culture At London Forced Employees To Quit; Continues Hiring In US

Anusuya Lahiri
August 12, 2022
  • TikTok compelled its London office staff to quit by creating a hostile working culture, Financial Times reports
  • TikTok created what staff described as a "kill list" of colleagues in the e-commerce department whom it wanted to fire or end the contracts.
  • Some of the targeted employees had only been in the positions for a couple of weeks.
  • TikTok reportedly assigned the staff named on the so-called "kill list" to untrained roles.
  • TikTok denied the story, highlighting its positive and supportive working environment.
  • ByteDance CEO Liang Rubo expressed his plans to "dramatically downsize" hiring plans for the year while slowing organizational growth and increasing efficiency.
  • TikTok is amid a global restructuring process, hiring and firing employees in the U.K. and Europe.
  • TikTok ignored complaints about the treatment of London workers, and several employees took mental health leave due to the work environment.
  • TikTok reportedly suffered a mass staff exodus from the e-commerce team in London for alleged aggressive working culture. TikTok Shop Europe replaced Joshua Ma for not allowing maternity leaves. Ma is still at the company in a new undisclosed role.
  • Meanwhile, TikTok hired 5,000 positions globally, in the U.K., Ireland, Europe, and the U.S.
  • TikTok downsized its headcount in Beijing while expanding in the U.S. to separate TikTok from its Chinese parent under increasing pressure from the U.S. government over national security concerns.
  • Photo by olivier-bergeron via unsplash

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