Twitter CEO’s Memo Fires Two Top Execs, Announces Hiring Freezes
Twitter CEO’s Memo Fires Two Top Execs: Changes in Twitter’s upper echelons of management were recently disclosed by CEO Parag Agrawal. The leaders of the revenue and consumer products have been let go. Given Elon Musk’s recent purchase of Twitter, this seems a hasty choice.
Many workers will have cold feet due to this choice and are already confused by the acquisition. Earlier today, Twitter’s CEO sent an email detailing the company’s current predicament. Product manager Kayvon Beykpour has been let go, and former Facebook employee Jay Sullivan will fill his position.
Twitter CEO’s Email
Parag sent out termination letters to everyone in the company, and The Verge was able to get a copy of one. Details of the judgment and any upcoming changes to Twitter are detailed. Taking over as CEO from Kayvon Beykpour would be Jay Sullivan.
Parag lauded Kayvon’s contributions to Twitter’s development but named Jay interim general manager of Bluebird. He didn’t say why Kayvon was quitting the company, though. As with the rest of the Goldbird team, Bruce Falck is leaving the revenue product division. Parag claims no de facto division head in charge of the Goldbird team.
Teams will report to Jay Sullivan while the company searches for a new leader. He, like Kayvon, did not explain why they had changed the management. It seems likely that the two leaders decided in light of the current situation.
No Hiring For Months
Now is not the time to apply for a job at Twitter. Parag Agrawal has stated that the company will not accept any new employment applications soon. As determined by the Staff, they will make no more hires outside of the important positions for running the business.
He said, “We are not planning company-wide layoffs, but leaders will continue making changes to their organizations to improve efficiencies as needed. As always, performance management will continue to be a priority at this time at all levels to ensure we have the strongest teams possible.”
The Twitter CEO continued by saying that the company had fallen short of its targets and that the ongoing conflict between Russia and Ukraine had only fanned the flames. Because of the failure to meet revenue targets, the business must reevaluate its current strategy for the market if it is to continue to be successful. Since the acquisition, there have been significant shifts at Twitter, and things may get more challenging in the coming months.
What do you think of the swift removal of Twitter’s top brass? Will it cause a permanent fall? Please leave your feedback below.