Beijing : The Bytedance, a company owning banned App TikTok and HELLO in India, has given millions of rupees as a bonus to its Indian employees. Bytedance had said earlier this month that it would give cash bonuses to its Indian employees. Bytdance has given bonus ranging from 1 lakh to 4 lakhs to employees working full time between July and August. The number of employees of ByteDance in India is more than two thousand.
The company has given up to Rs 50,000 as bonus to some middle level employees. According to media reports, it said that employees working between July and August would receive a bonus that would be 50% of the August salary.
On 29 June, the Government of India imposed restrictions on 59 Chinese apps. As per the sources, BiteDance has not done any retrenchment in India yet nor has cut the salary of any employee. It is also reported that during the app ban, the company has recruited some people in the sales team.
ByteDance in its blog said that The new US company will have 80% stake in TikToj while US President Donald Trump has said that if the Tiktok Global is controlled by ByteDance, the new company will be not be approved. The Trump administration said on Friday that it would not back down from the plan to ban the download of the popular video-sharing app TikTok. The matter is going to be heard in the court on Sunday. The US Department of Commerce has ordered Apple and Google to remove WeChat and TikTok from their app store, while now US District Judge Carl Nichols has stayed the order.