TikTok's Beijing-based parent ByteDance is handing out half a month's salary as a bonus to all its ... [+] staffers. The Trump administration’s crackdown on TikTok, which includes a ban on all transactions between the company and any U.S. entity, has raised concerns among the company’s American employees. The motion contends that Trump’s ban is “an unlawful and unconstitutional abuse of executive power” that violates rights of due process guaranteed to TikTok employees by the Fifth Amendment. )” Trump has issued two executive orders against TikTok, one on August 6 which intends to block any U.S. based transactions with TikTok and its Chinese parent ByteDance 45-days after the order. Late last month, TikTok CEO Kevin Mayer announced his exit from the company, just months after taking charge.

Source: Forbes September 08, 2020 07:41 UTC