Beijing-based ByteDance is raising pay and incentives to retain and attract talent globally, increasing the total bonus pool by 35% for its 2025 performance cycle. The company is also restructuring its job-grading system and reducing the share paid in stock-based awards. ByteDance has made progress in settling the future of its US business, forming a new joint venture with investors including Oracle and Silver Lake. The venture will focus on US data protection and algorithm security, governed by a board with a majority of American members.

Read more at Yahoo Finance: ByteDance raises pay, boosts bonuses to retain staff amid AI talent war