Twitter CEO Sacks Two Top Executives, Hiring Paused Amid Elon Musk Takeover

Twitter CEO Parag Agrawal Fires Twitter’s 2 Top Executives, Freezes Hiring

Highlights:

  • Two of Twitter’s top executives have left the company.
  • Kayvon Beykpour, Twitter’s general manager of consumer products along with head of products Bruce Falck have announced their departure from Twitter.
  • Elon Musk acquired Twitter for $44 billion last month.

Twitter confirmed on Thursday that two top executives are leaving and that most hiring has been halted as Elon Musk prepares to become the global messaging platform’s new owner.

Kayvon Beykpour, a general manager who oversees research, design, and engineering at Twitter, is quitting, along with the head of products Bruce Falck, according to a Twitter spokesperson.

Beykpour announced his departure on Twitter after 7 years with the company. Beykpour revealed that Parag Agrawal asked him to resign because the CEO wanted to lead the team in a different direction.

“The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision. Parag asked me to leave after letting me know that he wants to take the team in a different direction,” Beykpour wrote in a tweet. He praised Twitter co-founder Jack Dorsey for his support.

Falck, who had worked at Twitter for five years, also announced his departure through Twitter. “I wanted to take a moment to thank all the teams and partners I’ve been lucky enough to work with during the past 5 years. Building and running these businesses is a team sport,” he stated in his tweet.

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Jay Sullivan will be the interim head of revenue as well as the head of product.

According to The New York Times, Twitter CEO Jack Dorsey confirmed Falck and Beykpour’s departure in an official email. Agrawal also mentioned stopping most hiring and cutting down on spending in the same email. He did, however, clarify that there are now no plans for layoffs.

According to Bloomberg, Agrawal cited failures to meet audience and revenue targets as reasons for the departure of these top executives. According to the email, “at the beginning of the pandemic in 2020, the decision was taken to invest aggressively to provide substantial growth in audience and revenue, and as a company we did not meet intermediate milestones that enable confidence in these goals,” according to the publication.

There are rumours that after Tesla CEO Elon Musk takes over Twitter, he will sack Agrawal and become interim CEO. Responding to a Twitter user, Agrawal recently stated that he is less concerned about losing his job and more concerned about the future of the company.