Thursday, 20 May 2021

ByteDance CEO is stepping down, admits lacking managerial skills

Founder of TikTok and CEO at ByteDance Zhang Yiming has announced in a memo to employees he is stepping down from his role, admitting he lacks “some of the skills that make an ideal manager.” His successor will be Liang Rubo, ByteDance co-founder and HR head, and the two men will be working together for the next six months to ensure a smooth transition. Zhang Yiming (left) and Liang Rubo (right) Yiming revealed he was thinking for several months about the idea of stepping down and moving away from the day-to-day responsibilities. Eventually, in March he discussed the idea and...

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