Twitter CEO says two leaders to depart, hiring paused amid Musk takeover
By Sheila Dang
(Reuters) -Two senior Twitter leaders who oversee the patron and income divisions will depart the social media firm, Chief Govt Officer Parag Agrawal advised staff in a memo on Thursday, in one of many greatest shake-ups on the firm since billionaire Elon Musk introduced he would purchase it for $44 billion.
Agrawal additionally stated within the memo, which was seen by Reuters, that Twitter would pause most hiring and evaluation all current job affords to find out whether or not any “ought to be pulled again.”
He attributed the choice partly as a result of Twitter was not in a position to hit person development and income milestones to keep up confidence that it may attain aggressive development targets it had set in 2020.
“We have to proceed to be intentional about our groups, hiring and prices,” Agrawal wrote.
The corporate was concentrating on $7.5 billion in annual income and 315 million each day customers by the top of 2023, however withdrew these objectives in its current earnings report.
Kayvon Beykpour, who led Twitter’s shopper division, and Bruce Falck, who oversaw income, each tweeted on Thursday that the departures weren’t their selections.
“Parag requested me to depart after letting me know that he desires to take the group in a special course,” Beykpour tweeted, including he was nonetheless on paternity depart from Twitter.
“I am going to make clear that I too was fired by (Parag),” Falck stated, although he appeared to later delete the tweet.
Falck thanked his group in a tweet thread and up to date his bio to say “unemployed.”
“We have been in a position to obtain the outcomes we did by your laborious work – quarterly income doesn’t lie. Google it,” he stated.
Jay Sullivan, who was main the patron unit throughout Beykpour’s depart, will turn out to be everlasting head of the division. He will even oversee the income group till a brand new chief is called, Agrawal stated within the memo.
Whereas no layoffs are deliberate, Agrawal stated Twitter will scale back its spending on contractors, journey and advertising and marketing in addition to its actual property footprint.
(Reporting by Sheila Dang in Dallas; extra reporting by Katie PaulEditing by Chizu Nomiyama, Will Dunham, Nick Zieminski and Bernard Orr)
