The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Information Service Activities Information Service Activities 63.99 - Other information service activities n.e.c.
117 jobs Number of planned job creations
Announcement Date
9 May 2020
Employment effect (start)
Foreseen end date
Description
TikTok UK, the British subsidiary of the China-based multinational internet technology company ByteDance, has created 117 new jobs in London.
The new roles mainly include software developers as well product managers. The recruitment process is already ongoing, and some of the vacancies are advertised on TikTok's career website.
The reasons at the basis of the business expansion of TikTok in the UK rely on the increasing popularity of its video sharing app among teenagers, also in Europe. In 2019 it has surpassed a billion app downloads worldwide, with an estimated number of monthly active users of 625 million.
TikTok is a video-sharing social networking service owned by ByteDance, a Chinese company founded in 2012. Its app is available in over 150 markets and in 75 languages.
Eurofound (2020), TikTok UK, Business expansion in United Kingdom, factsheet number 100735, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100735.
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