Twitter: 2 executives fired | OnlineMarketing.de

CEO Parag Agrawal announced a hiring freeze on Twitter, stating that two executives have left the company. They tweeted not to go voluntarily.

The purchase of Twitter by multi-billionaire Elon Musk is not yet complete, but there are already major personnel changes in the company. While Musk’s potential $44 billion acquisition may still face antitrust scrutiny from the FTC, two long-time executives are set to leave the social company. Kayvon Beykpour and Bruce Falck have to go – and say they were fired.

Twitter is reinventing itself

Parag Agrawal is still CEO of Twitter. He only took over the post from Twitter founder Jack Dorsey in November 2021, but could lose it again this year. Then CNBC-Reporter David Faber recently reported that Elon Musk is also expected to temporarily take on the role of CEO at Twitter, subject to the deal being finalized. However, it is unclear who will follow.

Meanwhile, Agrawal has presented a new human resources policy at the company in an internal memo. Of that reports Reuters, because the publisher could see this memo. It says on the part Parag Agrawals:

We need to continue to be intentional about our teams, hiring and costs.

On the one hand, there is a hiring freeze on Twitter – and existing job offers could also be withdrawn. On the other hand, staff are laid off. Executives Keyvon Beykpour and Bruce Falck are also no longer active on Twitter. As product lead and revenue product lead, they have been with the company for many years. They announced via Twitter that they no longer work for this company. Beykpour explains in the tweet that it wasn’t his decision, but Parag Agrawal’s:

Bruce Falck tweeted:

According to Reuters, Falck also stated via Twitter that he had been fired – but deleted this tweet again.

No wave of layoffs expected

The report states that while Twitter is seeking a reorganization at the senior management level, there is no wave of layoffs. Rather, they want to reduce spending on travel, marketing and third-party providers and pay less for buildings and rent by optimizing work processes.

Under Agrawal, Twitter had initially aimed for annual sales of 7.5 billion US dollars. In the first quarter of 2022, however, only $1.2 billion in sales were generated. In addition, the future of the company and many executives is uncertain.


Source: OnlineMarketing.de by onlinemarketing.de.

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