TikTok’s Irish arm cuts headcount by 600 as legal provisions rise to more than €900m
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TikTok's Irish division reduced its workforce by 600 employees. This cut comes as legal provisions increased to over 900 million euros. Last year, staff costs for the company dropped by 10%. Meanwhile, pay for three directors based in Ireland rose by 12%, exceeding 900,000 euros.
Social media company’s staff costs fell by 10% last year while pay to three Irish-based directors rose 12% to top €900,000