Joe Obama
2022-05-13 10:51:31 UTC
This is great news!
May 12 (Reuters) - Two senior Twitter (TWTR.N) leaders whooversee the consumer and revenue divisions will depart the
social media company, Chief Executive Officer Parag Agrawal told
employees in a memo on Thursday, in one of the biggest shake-ups
at the company since billionaire Elon Musk announced he would
buy it for $44 billion.
Agrawal also said in the memo, which was seen by Reuters, that
Twitter would pause most hiring and review all existing job
offers to determine whether any "should be pulled back."
He attributed the decision in part because Twitter was not able
to hit user growth and revenue milestones to maintain confidence
that it could reach aggressive growth targets it had set in 2020.
"We need to continue to be intentional about our teams, hiring
and costs," Agrawal wrote.
The company was targeting $7.5 billion in annual revenue and 315
million daily users by the end of 2023, but withdrew those goals
in its recent earnings report.
Kayvon Beykpour, who led Twitter's consumer division, and Bruce
Falck, who oversaw revenue, both tweeted on Thursday that the
departures were not their decisions.
"Parag asked me to leave after letting me know that he wants to
take the team in a different direction," Beykpour tweeted,
adding he was still on paternity leave from Twitter.
"I'll clarify that I too was fired by (Parag)," Falck said,
though he appeared to later delete the tweet.
Falck thanked his team in a tweet thread and updated his bio to
say "unemployed."
https://www.reuters.com/markets/deals/twitter-ceo-says-two-
leaders-will-depart-company-hiring-paused-2022-05-12/