ByteDance introduces transitional subsidy policy for laid-off employees
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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.
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