ByteDance Unit Feishu to Lay Off Staff in Effort to Boost Efficiency

ByteDance Ltd.’s (字节跳动) workplace collaboration platform Feishu will lay off an undisclosed number of staff in a restructuring, according to an internal memo Tuesday, as the TikTok-owner ramps up efforts to cut costs.

Despite achieving certain breakthroughs and having acquired a diverse range of clients over the past several years, problems have also become apparent, Feishu CEO Xie Xin wrote in a letter to employees.