TikTok CEO quits as company reportedly plans sale to Microsoft, Walmart

TikTok CEO Kevin Mayer, who only began the job on June 1, is heading right back out the door again as the company plans a sale under pressure from the White House.

"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," Mayer wrote in an email to TikTok employees late Wednesday. "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."

Mayer praised employees' efforts, saying that "there is no doubt that the future [of TikTok] is incredibly bright." But at the same time, he added, "I understand that the role that I signed up for—including running TikTok globally—will look very different as a result of the US Administration’s action to push for a sell off of the US business."