TikTok cuts jobs as tech layoffs continue to mount

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TikTok is the latest technology company to cut staff, as firms reorganize and re-allocate resources, just as the video-sharing app reports strong growth. Matt Slocum/AP

Matt Slocum/AP

TikTok is laying off employees in an effort to reduce costs, according to employees at the video-sharing platform, making it the latest technology company to conduct a round of staff reductions in recent weeks.

About 60 employees were laid off, mostly in the company’s sales and advertising division, according to a company spokesperson, who attributed the shakeup

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