Twitter told employees on Friday that they might receive only half their usual annual bonuses, the New York Times reported. The warning comes amid concerns over a looming recession, which has caused Silicon Valley tech companies to slow hiring and begin layoffs. Twitter said in an email to employees that its bonus pool was at half of what it would be if the company had met its financial...
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TikTok CEO Expands Purview to Include ByteDance’s New App Lemon8
The Singapore-based CEO of TikTok, Shou Zi Chew, is getting a bigger job. TikTok’s Chinese parent company, ByteDance, is putting its newer social media app, Lemon8, under Chew’s supervision, according to a person with direct knowledge of the matter. The move appears to reflect ByteDance’s strategy of locating the heads of its global apps outside China, in an effort to defend...
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