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CHINA’s ByteDance, parent company of TikTok, has fired 61 employees as part of an internal crackdown on misconduct related to graft, reports Caixin.
Serious cases involve employees exploiting their role for personal gain through illicit dealings with external partners. Some cases include facilitating business for relatives, orchestrating false financial transactions or accepting substantial benefits illegally.
ByteDance’s Corporate Discipline and Ethics Committee unveiled 44 violations, ranging from breaches of integrity, conflicts of interest, breaches of information security protocols, to suspected criminal offenses.
All 61 employees involved have been fired and four placed under criminal investigation by police. Three have been arrested.
# bytedance# tiktok# layoffs# amid# internal# graft# crackdown
