This online meeting was held after the unexpected resignation of TikTok CEO Kevin Mayer. Meyer was a long-term executive at Walt Disney Co., but announced his departure after only three months in charge of TikTok. In a letter to employees on Wednesday, Mayer mentioned the Trump administration’s request that TikTok use parent company ByteDance to sell its US business. Many employees were still asleep when Mayer issued the open letter late Wednesday, but many of them were awakened by relevant news reports or learned about it at the morning meeting.
“We hope that a solution will be reached soon, and at this time I am with a heavy heart to inform everyone that I have decided to leave this company,” Mayer wrote.
People familiar with the matter said that Oracle and Microsoft have submitted bids to ByteDance for the acquisition of TikTok’s US business, and the transaction may be concluded within this week. Microsoft will cooperate with Wal-Mart in bidding. If the acquisition is successful, the latter will also hold shares in TikTok and help TikTok expand its e-commerce business.
In an hour-long meeting, employees reported to TikTok interim CEO Vanessa Pappas, general counsel Erich Andersen and Blake, vice president of global business solutions. Blake Chandlee (Blake Chandlee) raised a series of questions.
The executives confirmed reports about Oracle and Microsoft’s joint Walmart bid for TikTok’s US business, and assured employees that they will disclose more information in the coming weeks. In order to dispel the doubts of employees, the company has advanced the meeting time by several hours.
A person familiar with the matter said that the executives also answered questions about Mayer’s departure and whether the decision was made jointly by both parties. They told employees in a calm and optimistic tone not to worry about their salary and position, and not to let this incident affect the company’s daily operations.
For several weeks, TikTok employees have often discussed TikTok issues. Pappas has been browsing the posts of internal messaging app Lark, responding to employee concerns, hoping to stop any unconfirmed rumors.
In an interview last week, Papas stated that she has made it clear to TikTok employees and business partners that the company strongly opposes the Trump administration’s position and TikTok will continue to do business in the US market. She said that according to the actual situation, the company has “multiple development paths.”
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