NEW DELHI: Homegrown short video platform Bolo Indya has offered to hire employees affected by layoffs at TikTok parent Bytedance in India. “The hiring would be across domains including business development, user engagement, product management, community management, content strategy, content moderation functions,” said the company in a statement.
Besides this, the company is also looking at filling various senior-level positions to expand its leadership team.
The company recently announced that it is in advanced talks to raise fresh funding that will be used to ramp up its team as well as bolster its Bolo Meets platform. increase penetration and introduce interactive tools to strengthen its content commerce and content monetization capabilities.
Varun Saxena, CEO and Founder Bolo Indya said “It is unfortunate to see Indian talent in a fix as a result of Chinese app ban in India. Indians working in these companies are highly talented, enthusiastic, committed, and passionate to create a positive impact. We look forward to onboard quite a few of them where there is a strong cultural fit as well and have them as part of our journey to empower content creators to transform social capital to financial independence, and at the same time ensure a high user delight in consuming content on the platform.”
In an internal memo to employees this week, China’s ByteDance said that it will reduce the size of its India team. “We initially hoped that this situation would be short-lived … we find that has not been the case,” says the memo.
It further adds, “We simply cannot responsibly stay fully staffed while our apps remain un-operational … we don’t know when we will make a comeback in India.”
The government has reportedly decided to retain its ban on video app TikTok and 58 other Chinese apps after reviewing responses from the companies on issues such as compliance and privacy. These apps were banned amid rising tensions between India and China following a border clash last year.