[Business Standard] Chinese app TikTok begins laying off people amid restructuring: Report Owned by ByteDance and banned in India for last two years, TikTok has created a significant user base, crossing 1 billion monthly active users with thousands of employees worldwide. https://mybs.in/2ax7fNs ALSO READ [Byju's lays off 500 and may drop more people in latest edtech crisis] [TikTok's parent company ByteDance likely to join VR space, says report] [TikTok plans to push app into gaming, conducts tests in Vietnam: Report] [TikTok owner ByteDance appoints lawyer Julie Gao as new CFO; to join in May] [Top Headlines: IMF's prediction, GST Council...