World Economic Forum

Trump can save TikTok without forcing a sale, ByteDance board member claims

bytedance, china, china tariffs, Donald Trump, elon musk, Policy, tiktok, TikTok ban, us-china trade war, World Economic Forum / Mike M. / January 23, 2025

TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok’s US operations either be shut down or sold to a non-foreign adversary.

Last weekend, TikTok briefly went dark in the US, only to come back online hours later after Donald Trump reassured ByteDance that the US law would not be enforced. Then, shortly after Trump took office, he signed an executive order delaying enforcement for 75 days while he consulted with advisers to “pursue a resolution that protects national security while saving a platform used by 170 million Americans.”

Trump’s executive order did not suggest that he intended to attempt to override the national security law’s ban-or-sale requirements. But that hasn’t stopped ByteDance, board member Bill Ford told World Economic Forum (WEF) attendees, from searching for a potential non-sale option that “could involve a change of control locally to ensure it complies with US legislation,” Bloomberg reported.

It’s currently unclear how ByteDance could negotiate a non-sale option without facing a ban. Joe Biden’s extended efforts through Project Texas to keep US TikTok data out of China-controlled ByteDance’s hands without forcing a sale dead-ended, prompting Congress to pass the national security law requiring a ban or sale.

At the WEF, Ford said that the ByteDance board is “optimistic we will find a solution” that avoids ByteDance giving up a significant chunk of TikTok’s operations.

“There are a number of alternatives we can talk to President Trump and his team about that are short of selling the company that allow the company to continue to operate, maybe with a change of control of some kind, but short of having to sell,” Ford said.

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AI could create 78 million more jobs than it eliminates by 2030—report

On Wednesday, the World Economic Forum (WEF) released its Future of Jobs Report 2025, with CNN immediately highlighting the finding that 40 percent of companies plan workforce reductions due to AI automation. But the report’s broader analysis paints a far more nuanced picture than CNN’s headline suggests: It finds that AI could create 170 million new jobs globally while eliminating 92 million positions, resulting in a net increase of 78 million jobs by 2030.

“Half of employers plan to re-orient their business in response to AI,” writes the WEF in the report. “Two-thirds plan to hire talent with specific AI skills, while 40% anticipate reducing their workforce where AI can automate tasks.”

The survey collected data from 1,000 companies that employ 14 million workers globally. The WEF conducts its employment analysis every two years to help policymakers, business leaders, and workers make decisions about hiring trends.

The new report points to specific skills that will dominate hiring by 2030. Companies ranked AI and big data expertise, networks and cybersecurity, and technological literacy as the three most in-demand skill sets.

The WEF identified AI as the biggest potential job creator among new technologies, with 86 percent of companies expecting AI to transform their operations by 2030.

Declining job categories

The WEF report also identifies specific job categories facing decline. Postal service clerks, executive secretaries, and payroll staff top the list of shrinking roles, with changes driven by factors including (but not limited to) AI adoption. And for the first time, graphic designers and legal secretaries appear among the fastest-declining positions, which the WEF tentatively links to generative AI’s expanding capabilities in creative and administrative work.