ByteDance, the company behind TikTok, has announced mass layoffs. Hundreds of employees will lose their jobs, with most of their tasks being taken over by artificial intelligence.

ByteDance's TikTok is laying off hundreds of employees, mainly in Malaysia, according to a report from Reuters.

TikTok is implementing substantial job cuts across its global operations, with a particular focus on content moderation teams. Continue to article... The move comes as the ByteDance-owned platform pivots towards increased use of artificial intelligence in content moderation,

What’s more, just 0.02% of total venture capital invested goes to folks who identify as Native, even though they’re 3% of the U.S. population. (To put that in perspective: Black women, who account for 7.8% of the nation, receive 0.39% percent of VC dollars… and they’re not exactly cheering about it.)

Reports indicated that about 80% of content removed from the app was flagged by its AI systems, though it’s possible TikTok is now working on improving the efficiency of that AI. Expected to garner over 1000% increase from what the building originally was bought for in 2000.

Social media platform TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday, as it shifts focus towards a greater use of AI in content moderation.

TikTok is cutting hundreds of jobs globally, with a significant portion affecting Malaysia, as it transitions to AI-assisted content moderation.

TikTok is reportedly laying off 500 employees from its workforce in Malaysia. The company plans to automate its content moderation process using AI and roll out the change globally. Generative AI affects significant sectors,