Parag Agrawal: Twitter CEO says two leaders to depart, hiring paused amid Musk takeover | International Business News – Times of India


SAN FRANCISCO: Two senior Twitter leaders who oversee the buyer 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 mentioned within the memo, which was seen by Reuters, that Twitter would pause most hiring and evaluation all present job provides to find out whether or not any “ought to be pulled again.”
He attributed the choice partly as a result of Twitter was not capable of hit person development and income milestones to take care of confidence that it might 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 focusing on $7.5 billion in annual income and 315 million each day customers by the top of 2023, however withdrew these targets in its current earnings report.
Kayvon Beykpour, who led Twitter’s client division, and Bruce Falck, who oversaw income, each tweeted on Thursday that the departures weren’t their choices.
“Parag requested me to depart after letting me know that he desires to take the workforce in a special path,” Beykpour tweeted, including he was nonetheless on paternity go away from Twitter.
“I will make clear that I too was fired by (Parag),” Falck mentioned, although he appeared to later delete the tweet.
Falck thanked his workforce in a tweet thread and up to date his bio to say “unemployed.”
“We had been capable of obtain the outcomes we did by way of your onerous work – quarterly income doesn’t lie. Google it,” he mentioned.
Jay Sullivan, who was main the buyer unit throughout Beykpour’s go away, will grow to be everlasting head of the division. He may even oversee the income workforce till a brand new chief is known as, Agrawal mentioned within the memo.
Whereas no layoffs are deliberate, Agrawal mentioned Twitter will cut back its spending on contractors, journey and advertising and marketing in addition to its actual property footprint.


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