Image source: Tech in Asia
TikTok is one of the few companies in the tech sector that is going the other way and continuing to hire in a bleak economy.
Meanwhile, most of Silicon Valley announced they were stopping hiring and laying off staff.
Hiring
An anonymous source revealed on Monday that the short-video app company is making progress with its hiring.
TikTok is committed to hiring more than 1,000 engineers at its Mountain View office in California.
Additionally, the hiring decision hints at the company’s goal of ensuring that a US-based team verifies user data in the US.
Lastly, the company’s target comes after scrutiny in Washington for its parent company ByteDance’s ties to China.
TikTok’s hiring news first emerged from the media outlet The Information.
Read also: Amazon plans to cut down company workforce
Corporate
Shou Zi Chew, CEO of TikTok, confirmed that the company is still hiring.
He shared the announcement last week in Singapore at the Bloomberg New Economy Forum.
Chew also addressed the decision of other tech companies like Meta and Amazon, saying:
“We have always been more cautious in terms of recruitment,” said Chew.
“At this stage of our growth, I think that our pace, our cadence, of hiring is just right for us.”
The industry
In recent weeks, several companies have announced layoffs and downsizings.
Currently, Meta is removing 11,000 jobs, Elon Musk laid off half of Twitter’s workforce, and Amazon confirms that mass layoffs have begun.
Current and former business leaders admit their businesses grew too fast during the pandemic.
At that time, consumers in isolation shifted their lives to go online.
However, companies are now facing massive demand, causing thousands of jobs to disappear as the economy slows down and a recession looming.
Read also: UK gives breakup order, Meta to comply and sell Giphy
TikTok
The Silicon Valley hiring landscape shift favors the short video app.
However, TikTok hopes to please its critics and strengthen its position in the United States by expanding into new product categories.
The company’s career portal website currently offers over 4,000 global jobs, but it’s uncertain how often they update their recruitment page.
Last month, TikTok made headlines when it listed new e-commerce features that indicated it was looking to build a US warehousing and logistics network.
“We are still hiring,” said Chew last week.
“Although, you know, at a pace that we think corresponds with the global challenges that we’re facing.”
Reference:
As Meta and Twitter slash staff, TikTok plans to keep hiring
