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TikTok lays off more employees working on TikTok Shop US
TikTok Shop US is conducting its third round of layoffs in as many months.
TikTok Shop US, the company’s e-commerce retailer, launched less than two years ago, selling a variety of products and offering creators commissions for their videos that trigger sales. President Trump has continued to delay the deadline for ByteDance to sell the app to an American entity, following TikTok’s official ban. This weekend, however, Trump announced that he has a potential buyer for the app, which is rumored to include some familiar faces in VC.
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