Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Investing

ByteDance cuts over 700 jobs in Malaysia in shift towards AI moderation, sources say

By Rozanna Latiff

KUALA LUMPUR (Reuters) – China’s ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company shifts focus towards greater use of AI in content moderation, two sources familiar with the matter told Reuters. 

The employees, most of whom were involved in the firm’s content moderation operations, were informed of their dismissal by email late Wednesday, the sources said, requesting anonymity as they were not authorized to speak to media.

In response to Reuters’ queries, TikTok confirmed the layoffs on Friday, but said it was unable to give a precise figure on the number of employees affected in Malaysia.

It anticipates that several hundreds will be impacted globally as part of a wider plan to improve its moderation operations. TikTok employs a mix of automated detection and human moderators to review content posted on the site.

Bytedance has over 110,000 employees in more than 200 cities globally, according to the company website.

The technology firm is also planning more retrenchments next month as it looks to consolidate some of its regional operations, one of the sources said. 

“We’re making these changes as part of our ongoing efforts to further strengthen our global operating model for content moderation,” a TikTok spokesperson said in a statement.

The company expects to invest $2 billion globally in trust and safety this year and will continue to improve efficiency, with 80% of guideline-violating content now removed by automated technologies, the spokesperson said.

The layoffs were first reported by business portal The Malaysian Reserve on Thursday.  

The job cuts occur as global tech firms face greater regulatory pressure in Malaysia, where the government has asked social media operators to apply for an operating licence by January as part of an effort to combat cyber offences.

Malaysia reported a sharp increase in harmful social media content earlier this year and urged firms, including TikTok, to step up monitoring on their platforms.

This post appeared first on investing.com







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Investing

    Investor Insight Silver prices breached $30/oz in the second half of May 2024 as investor demand drove prices to their highest in more than...

    Investing

    Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com