ByteDance, the parent company of TikTok and Douyin, will discontinue its Lunar New Year “lucky money” tradition for employees starting in 2026 but plans to enhance their medical insurance cover.
TikTok has around 170 million US users which generated a revenue of around $7bn for the company in 2024 and was estimated to generate around $9bn in 2025 ...
TikTok told employees that their “employment, pay and benefits” were secure, adding that the ban law was written in a way that impacts the U.S. user experience but not TikTok as an employer. The ...