…
TikTok is one of the few companies going in the opposite direction in the tech industry, continuing to hire in a bleak economy.
Meanwhile, most of Silicon Valley announced it would freeze hiring and cut its staff.
Hiring
An anonymous source confirmed Monday that the short-video app company is moving forward with its hiring process.
TikTok is committed to its goal of 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 United States.
Furthermore, the company’s goal comes after a Washington investigation into parent company ByteDance’s ties to China.
News of TikTok’s hiring first emerged from the media outlet The Information.
Read also: Penguin Random House merge with Paramount dropped
Corporate
Shou Zi Chew, the CEO of TikTok, confirmed the company was still hiring.
He shared the announcement last week at the Bloomberg New Economy Forum in Singapore.
Chew also addressed 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
Over the past few weeks, several companies have announced layoffs and downsizing.
Currently, Meta is cutting 11,000 jobs from the company, Elon Musk is laying off half of Twitter’s workforce, and Amazon confirms mass layoffs have begun.
Current and former corporate executives admit their companies grew too quickly during the pandemic.
At the time, consumers in isolation shifted their lives to go online.
However, businesses are now facing massive demand that is shedding thousands of jobs as the economy declines and a recession looms.
Read also: Alex Jones remains unwelcome on Twitter
TikTok
The shift in the Silicon Valley hiring landscape is currently in favor of the short-form video app.
However, TikTok is trying to satisfy its critics and strengthen its position in the US by expanding into new product categories.
The company’s career portal website currently offers more than 4,000 global positions, but we need to clarify how often they update their recruiting page.
Last month, TikTok made headlines for listing new ecommerce-related features that indicated it was looking to build a storage and logistics network in the US.
“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
