TikTok CEO, Kevin Mayer resigned from the company.
“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” TikTok’s CEO told the employees in a letter. “Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company,” he added as per Financial Times.
Kevin Mayer joined TikTok in May this year, which is only a few months ago. He was also to serve as the COO of the parent company. Mayer was a former Disney executive that helped oversee the successful launch of Disney+.
The outgoing CEO also said that the role he signed up for will look very different. This is as a result of the US administration action to push for a sale of the US business.
This is the latest development in the saga that involves TikTok and the US government. It started with Trump issuing executive orders to ban the app in 45 days earlier this month. Microsoft and Oracle, two major US tech companies expressed their interest in purchasing TikTok US operations. Just recently, TikTok sued the Trump’s administration over the executive order ban.