ByteDance on Tuesday confirmed with local media that it is laying off employees in some departments as part of a “restructuring process.” It is unknown how many people were affected. Since Monday, many ByteDance’s Chinese employees have reported on social media that they had been laid off. Chinese media reported that at least 100 ByteDance workers in the eastern city of Wenzhou had been told to leave within two days on Oct. 12. Most affected employees were in the commercialization department, selling ads for popular apps such as Douyin and Toutiao. [National Business Daily, in Chinese ] ByteDance on Tuesday...