News Formal

TikTok freezes hiring and makes contingency plans ahead of US ban - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

TikTok has enacted a hiring freeze and drawn up a shutdown contingency plan ahead of threat of US ban

This story is available exclusively to Business Insider subscribers.TikTok parent company ByteDance is reportedly just days away from closing a deal to sell off its US operations, thwarting the Trump administration's threats to issue a nationwide ban.

The Trump administration has issued two executive orders ordering ByteDance to sell off its US business or face a nationwide ban. Trump initially set a deal deadline of Sept. 15, but the most recent order extended the timeline 90 days, which falls in mid-November.Despite reports that a deal to acquire TikTok's US operations is coming within days, the company is still planning for the possibility it may need to shut down the app to adhere with the Trump administration's ban.

In a statement to Business Insider, TikTok said Trump's executive orders have put its US jobs "in jeopardy," and is waiting to restart hiring until it can get "further clarity" from the Trump administration. There appear to be two groups that have emerged as frontrunners in the bidding war: a joint offer between Microsoft and Walmart, and another from Oracle, with the backing of Trump and a group of ByteDance's US investors. Analysts have placed the value of the deal — which will include TikTok operations in the US, Australia, New Zealand, and Canada — at between $20 billion and $50 billion.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Inside Citadel's remote summer internship at a luxury Wisconsin resort - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $400/night they were putting these kids in a motel 6
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »