ByteDance is undergoing a large-scale layoff…
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Artificial intelligence leads to unemployment, which is warned by many people.
But this thing really happened at ByteDance.
According to reports, ByteDance's Malaysian subsidiary has already laid off 700 local employees.
According to the information that has come out, due to ByteDance's decision to make more use of automated content review, they don't need so many people to do the reviews anymore. They might as well just lay them all off.
The 700 employees who were laid off, as expected, the majority of them were doing content moderation work.
The specific layoff date is Wednesday, October 9, 2024, local time. The laid-off employees received their dismissal notices via email.
On October 11th, TikTok confirmed to the media that its Malaysian company did lay off employees.
But TikTok refused to disclose how many people were laid off.
By using a combination of artificial intelligence for automatic detection and manual review, ByteDance inspects website content.
According to estimates, it is likely that ByteDance's automated review technology has made progress again, so manual review methods will be significantly reduced, thus, there can be a wave of layoffs.
Another piece of news indicates that ByteDance will have more layoffs next month. No one knows if this news is true. We can only wait and see next month.
Compared to the aggressive layoffs, TikTok stated that the company has invested $2 billion worldwide in the field this year.
But because it is not known how TikTok spends this money, it is difficult for outsiders to judge whether more investments have been made in artificial intelligence, reducing the cost of labor, and thus needing to lay off some workers.
Malaysia is cracking down on harmful content on social media and is requiring social media platforms to apply for an operating license by January next year.
If the operation license application is not successful, it will clearly have an impact on TikTok's operation in Malaysia.
I don't know whether this layoff also involves resource integration and cost reduction considerations.
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