TikTok, owned by ByteDance, is reportedly laying off hundreds of employees, with significant reductions in Malaysia. This move aligns with the company’s strategy to enhance AI-based content moderation. What Happened: Sources cited by Reuters initially reported over 700 job cuts in Malaysia, but TikTok later clarified that fewer than 500 employees were affected, according to a report by CNA. The layoffs primarily targeted content moderation staff, who were informed via email on Wednesday. TikTok confirmed the global job cuts, affecting several hundred employees as the company seeks to optimize …