

Musk has vowed to revamp the company’s content moderation policies that have resulted in bans of controversial figures, many of them on the political right. “Why keep earning stock options at a company that’s about to go private?” “Why show up and build stuff for an app that’s about to be in the hands of a new owner … who has said he plans to make serious changes?” Bloomberg reported, summing up staffers’ gripes. Last week, Sullivan convened a meeting of staffers and urged them to stay motivated despite the specter of significant changes on the horizon. Twitter has taken steps in recent weeks to boost sagging morale at the company as employees are dreading Musk assuming the helm. Twitter CEO Parag Agrawal announced the departures in a memo to staffers. He also plans to institute changes to its content moderation policy. Musk has said he intends to buy out shareholders and take the company private. Twitter has been thrown into turmoil since the company’s board of directors announced last month that it had accepted Musk’s $44 billion buyout offer. Twitter / noted in the memo that the changes were made due to Twitter’s failure to hit audience and revenue growth goals. picture alliance via Getty Image Bruce Falck, Twitter’s general manager for revenue, was also fired on Thursday. Evan Agostini/Invision/AP Kayvon Beykpour, Twitter’s general manager, was relieved of his duties on Thursday.

Elon Musk’s pending acquisition of Twitter has thrown the company into flux as two top executives were let go by the company on Thursday. There are currently no plans to lay off staffers, according to the memo.

In the memo, which was first reported by the New York Times, Agrawal also announced that the company would freeze new hires and that discretionary spending would be pulled back. Parag asked me to leave after letting me know that he wants to take the team in a different direction.- Kayvon Beykpour May 12, 2022 The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision. That tweet was later deleted.Īgrawal circulated a memo to Twitter employees on Thursday announcing the departures. Jay Sullivan, the head of consumer product, will take over Beykpour’s position.īeykpour tweeted on Thursday that “this wasn’t my decision” and that Agrawal “asked me to leave after letting me know that he wants to take the team in a different direction.”įalck also tweeted that he was “fired” by Agrawal. Kayvon Beykpour, the company’s general manager, and Bruce Falck, Twitter’s head of revenue, announced on Thursday that they were let go by CEO Parag Agrawal. Twitter has ousted two top executives - with both of them tweeting they were fired on Thursday - as the social media giant edges closer to being acquired by Tesla CEO Elon Musk. Musk says Unabomber ‘might not be wrong’ that tech is bad for humanity ‘The Idol’ fans cringe at ‘nasty’ sex scene: ‘Will never see The Weeknd the same’Įlon Musk appears to troll Megan Fox, saying he wants to hire ‘VP of witchcraft and propaganda’ Vanna White addresses Pat Sajak’s exit: ‘Who could have imagined?
