ByteDance introduces transitional subsidy policy for laid-off employees
ByteDance has introduced a new transitional subsidy policy for laid-off employees in mainland China, providing additional support on top of severance packages. The policy offers up to six months of support, with a maximum of RMB 12,000 ($1,645) per month, totaling up to RMB 72,000 ($9,845). It is retroactive for former employees who left within the last six months and are currently in flexible employment, allowing eligible employees to claim the remaining subsidy.
ByteDance announced on Friday a new transitional subsidy policy aimed at supporting full-time employees in mainland China who were involuntarily laid off due to organizational adjustments. The policy provides an additional subsidy on top of the existing severance package, offering up to six months of support, with a maximum of RMB 12,000 ($1,645) per month, totaling up to RMB 72,000 ($9,845). The policy is retroactive to former employees who left within the past six months and are currently in flexible employment. Eligible employees can claim the remaining subsidy. [IThome, in Chinese]
