ET): A previous version of this article misspelled the last name of the Twitter revenue head who has been replaced. Illustration by Alex Castro / The VergeTwitter is shaking up its top leadership. "We are not planning company-wide layoffs, but leaders will continue making changes to their organizations to improve efficiencies as needed," he wrote, adding that there would be cuts in consultant spending, travel, events, marketing, office space and other areas. Twitter CEO pushes out top execs, freezes hiring Blog User He was asked to leave after seven years with the company. He wrote that the company was pausing most hiring except for critical roles and may pull back hiring offers it has extended. Bruce Falck, Twitter's general manager of revenue and head of product for its business side, confirmed in a tweet that he was also fired by Agrawal. "In order to responsibly manage the organization as we sharpen our roadmaps and our work, we need to continue to be intentional about our teams, hiring and costs." Twitter CEO is Letting Go of Top Executives. On October 14, 2015, former Google chief business officer Omid Kordestani became executive chairman, replacing Dorsey who remains CEO. "And, of course, we are in the middle of an acquisition and we don't yet know the timing of the close," he wrote. The first move came as consumer product leader Kayvon Beykpour announced on Twitter that current CEO Parag Agrawal asked me to leave after letting me know that he wants to take the team in a different direction. Twitter is shaking up its top leadership. He has told banks that he's already thinking of ways to cut expenses, including executive pay, Reuters reported.Īgrawal nodded to the deal as one of many uncertain factors in Twitter's near-term future, along with a global economic slowdown and the war in Ukraine. Twitter CEO Pushes Out Top Execs, Freezes Hiring Published by admin on May 12, 2022. The first move came as consumer product leader Kayvon Beykpour announced on Twitter that current CEO Parag Agrawal. Musk is borrowing much of the money he plans to use for the deal, leveraging Twitter's own assets and saddling the company with new debt. Twitter is shaking up its top leadership. The deal is expected to become final before the end of the year, pending shareholder approval and other hurdles. 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. Twitter's board of directors last month accepted a proposal from Musk to purchase the company for $44 billion. Parag asked me to leave after letting me know that he wants to take the team in a different direction."Īnother executive, Jay Sullivan, will head up Twitter's consumer division and serve as the interim manager of revenue. The first move came as consumer product leader Kayvon Beykpour announced on Twitter. 2023 NFL Draft Rumors: Eagles, Titans, Lions Linked to Possible Trades Back - Bleacher Report. Stroud Could Have Justin Fields-Like Slide, Exec Says - Bleacher Report. In a statement posted on Twitter, Beykpour said: "This isn't how and when I imagined leaving Twitter, and this wasn't my decision. Twitter is shaking up its top leadership. Sports Headlines Today Wed-2 2023 NFL Draft Big Board: B/R NFL Scouting Dept.s Final Rankings - Bleacher Report.
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