Thank you for your leadership, your focus, and your support for one another. “What stays true is our purpose, Twitter’s importance and the criticality of our work, and how we come together. “While we are in a ton of change right now, historically, Twitter often is,” he concluded. He also said right now he won’t be hiring any new employees and Twitter will be cutting back marketing, travel and consulting costs. In the memo, Agrawal talked about a “time of change,” reminding employees that with change comes sacrifice, but during the transition, there won’t be any “company-wide layoffs.” He did say, however, that performance management will be a top priority. Twitter has let go of general manager Kayvon Beykpour and Bruce Falck, the revenue product lead, ahead of the company’s possible acquisition by Elon Musk. Nonetheless, in a memo, Agrawal said Twitter has focused heavily on growth since 2020 and has “not hit intermediate milestones that enable confidence in these goals.” The former Facebook director Jay Sullivan will now step in as head of product and attempt to attract the 100 million new users Musk has promised. It’s not clear why such big changes have been made right now, although one would assume it could be related to Musk and his own vision for Twitter. With the right nurturing and stewardship, that impact will only grow.” Twitter is one of the most important, unique, and impactful products in the world. As both The Verge and the New York Times reported Thursday, two top executives were fired by Agrawal this week: Bruce Falck, the general manager of revenue and head of product for its business. ![]() These include the decision to push out two of its top executives, implement a hiring freeze, and reduce expenses. David Faber of CNBC reported Thursday night that Twitter CEO Parag Agrawal and CFO Ned Segal have left Twitter as Elon Musk officially takes over the company. “I hope and expect that Twitter’s best days are still ahead of it. Author Sharron Bennet // in Apps, Business, News, Social Media, Twitter Twitter CEO Parag Agrawal announced a number of changes in the company through an internal memo to employees. ![]() “I’m proud that we changed the perception around Twitter’s pace of innovation, and proud that we shifted the culture internally to make bigger bets, move faster, and eliminate sacred cows,” Agrawal said. SHARE SHARE Twitter CEO Parag Agrawal replaces top execs and freezes hiring amid Elon Musk deal The Twitter application is seen on a digital device on Monday, April 25, 2022, in San Diego. The 44 billion deal has been put on hold pending details on fake accounts. On October 14, 2015, former Google chief business officer Omid Kordestani became executive chairman, replacing Dorsey who remains CEO. This was confirmed by Beykpour himself in a Twitter post. Linas Belinas 11mo BREAKING: Elon Musk might not acquire Twitter after all. Chief Executive Parag Agrawal announced some big changes today in an email to staff, a shake-up that will see two main employees leave the company.Ĭonsumer product leader Kayvon Beykpour has been fired, or in his own words asked to leave the company after being told Twitter wants to go in a “ different direction.” Bruce Falck, who was the general manager of revenue and head of product for business, was also asked to leave.
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