• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline

by January 15, 2025
written by January 15, 2025

By David Shepardson and Jasper Ward

(Reuters) – TikTok plans to keep paying U.S. employees even if the Supreme Court does not overturn a law that would force the sale of the short-video app in the U.S. or ban it, the company’s leadership said in an internal memo reviewed by Reuters on Tuesday.

The hugely popular platform is owned by China-based ByteDance and has 7,000 employees in the U.S.

“I cannot emphasize enough that your wellbeing is a top priority and so most importantly, I want to reinforce that as employees in the US, your employment, pay, and benefits are secure, and our offices will remain open, even if this situation hasn’t been resolved before the January 19 deadline,” the memo to TikTok employees said.Last week, the U.S. Supreme Court seemed inclined to uphold the law, which was passed in April, despite calls from U.S. President-elect Donald Trump and lawmakers to extend the Jan. 19 deadline.

Trump, whose inauguration takes place the day after the law goes into effect, has said he should have time after taking office to pursue a “political resolution” to the issue.

“Our leadership team remains laser focused on planning for various scenarios and continuing to plan the way forward,” TikTok said in the memo.

“The bill is not written in a way that impacts the entities through which you are employed, only the US user experience,” the company said, adding that it will continue to navigate the situation to protect employees and the more than 170 million TikTok users in the United States.

If the court does not block the law by Sunday, new TikTok downloads on Apple (NASDAQ:AAPL.O) or Google (NASDAQ:GOOGL.O) app stores would be banned but existing users could continue to access the app for some time. The platform’s services would degrade and eventually stop working because other companies would be barred from providing support to TikTok.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Euro zone households could increase consumption, ECB chief economist says
next post
Country Garden overdue results show steep losses amid sector’s sales slump

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
    • U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 1.25%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy