Indian government’s ban on ByteDance’s TikTok and Helo apps may have come as a boon for more than 2000 employees working for the company. In line with its global announcement earlier, ByteDance through an internal memo earlier this month announced a cash bonus to all eligible employees in India ranging between INR 1 Lakh to INR 4 Lakhs.
The bonus is said to be an effort by ByteDance to help its employees to overcome the “challenges posed by the Covid-19 pandemic and the changing macro environment.”
Under the scheme, all full-time ByteDance employees who have worked for 26 or more working days between July to August in India are getting bonuses this month, and bonuses for some mid-senior to senior employees ranged from INR 1-4 lakh.
The government’s ban on over 200 Chinese apps, on the grounds of threat to data sovereignty of India, also included ByteDance-owned Helo.