CEO Parag Agrawal fires Twitter heads of product and revenue, freezes hiring

This was expected to happen, but not this soon. Even before Elon Musk’s buyout deal can be completed, top executives at Twitter are leaving the company. Twitter’s general manager of consumer product Kayvon Beykpour and general manager of revenue Bruce Falck have announced their departure.

Beykpour took to Twitter to announce his departure after 7 years of being at the company. In a shocking revelation, Beykpour said that Parag Agrawal asked him to leave since the CEO wanted to take 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 said via a tweet. He thanked co-founder of Twitter Jack Dorsey for his support.

Falck, who was with Twitter for 5 years, also announced his departure via a tweet. “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,” his post stated.

Jay Sullivan will take over as both the head of product and interim head of revenue.

Twitter freezes hiring

As per a report from The New York Times, Twitter CEO announced Falck and Beykpour leaving the company in an official email. In the same email, Agrawal also noted pausing most hiring and pulling back on spending. Though he clarified that there are no plans for layoffs for now.

A Bloomberg report states, Agrawal noted failures to hit audience and revenue goals as reasons for the departure of these top executives. In the email the Twitter CEO wrote (as reported by the publication), “at the beginning of the pandemic in 2020, the decision was made to invest aggressively to deliver big growth in audience and revenue, and as a company we did not hit intermediate milestones that enable confidence in these goals.”

There are rumours that the Tesla CEO, once he becomes Twitter boss, will fire Agrawal and become interim CEO. Responding to a Twitter user, Agrawal recently said that he isn’t worried about losing his job, more concerned about the company’s future.

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