Former Disney executive Kevin Mayer was hired as a CEO of TikTok back in mid-May, and he's already stepping down. during a memo to employees, quoted by CNN Business, he details the reasoning behind the move but four months after being appointed into the position.
The message said that following the “sharp change” of the political environment, Mayer has done “significant reflection on what the company structural changes will require”, and within the end decided to go away TikTok.
A TikTok spokesperson’s statement said the platform appreciates the political dynamics of the previous couple of months and it changed the scope of Kevin Mayer’s role. He was also appointed as a COO of ByteDance, the parent company of TikTok, but we’re yet to find out whether he’ll keep this position.
TikTok has been pushed to sell its US business to an American company so as to stay operating on US soil, otherwise, the President of the us would need to sign an executive order, effectively banning the platform. the newest information is that Oracle is getting into purchasing the business and thus saving TikTok.
If that happens, the California-based software company likely would’ve changed the CEO either way, so Mayer’s departure isn’t an enormous surprise
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