An anonymous reader quotes Engadget:
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately…

A Wells Fargo spokesperson confirmed the company’s move to The Information, explaining that it came to the decision due to concerns about TikTok’s privacy practices:
“We have identified a small number of Wells Fargo employees with corporate-owned devices who had installed the TikTok application on their device. Due to concerns about TikTok’s privacy and security controls and practices, and because corporate-owned devices should be used for company business only, we have directed those employees to remove the app from their devices.”

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Source:: Slashdot