Day: September 8, 2020

TikTok Parent ByteDance to Hand Out Cash Bonuses to Staff Amid US Pressure

TikTok owner ByteDance said on Tuesday it would hand out cash bonuses to employees working to help it “overcome challenges posed by the COVID-19 pandemic and changing macro environment”.

Full-time employees who have worked for 26 or more working days between July to August will be given a bonus worth half their August base salary, according to a letter from ByteDance to its employees that was seen by Reuters.

“Thank you for your hard work and dedication,” the letter says. ByteDance has said it has over 60,000 employees globally.

The bonus could run into hundreds of millions of yuan, based on ByteDance’s hiring advertisements and company sources.

ByteDance confirmed the letter but did not provide details.

ByteDance has come under global scrutiny amid concerns about TikTok’s collection of personal data and censoring of political content. The United States has said it will ban the short video app unless ByteDance sells

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