ByteDance CEO to Step Down, Says He’d Rather Daydream Than Manage People

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The CEO of ByteDance, Zhang Yiming, is stepping down at the end of 2021 according to a memo posted to the ByteDance website on Thursday. And while most corporate transitions are filled with bland PR-speak, Yiming’s departure memo is an interesting case study in honesty.

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ByteDance CEO to Step Down, Says He’d Rather Daydream Than Manage People