TikTok informed U.S. employees they would be divided between two separate entities as the company prepared for its divestment deal. Staff members in global business lines like e-commerce transferred to a ByteDance-owned unit while data security teams moved to the new joint venture led by Oracle. CEO Shou Chew previously stated the transaction was expected to close on January 22.
TikTok splits U.S. staff into separate entities ahead of sale
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
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