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TikTok owner ByteDance has embarked on a new share option buy-back programme allowing employees to offload holdings, even as it faces intensified political backlash overseas, according to two people familiar with the matter, reports the South China Morning Post. The privately-held company’s latest stock repurchase offer of $155 per share, which is at par with…
TikTok owner ByteDance allegedly laid off hundreds of employees across many departments by 2022. TikTok owner ByteDance reportedly let go of hundreds of staff across several divisions before the end of 2022 as part of the company's attempts to simplify operations.