They saw the exit door from Twitter two high-ranking executives, as the executive director Parag Agrawal informed the employees in an internal note that was published yesterday.
Kevin Baker, who led the client management, and Bruce Falk, who oversaw the revenue division, said in a post yesterday that their departures were not their own decision.
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
– bruce.falck () 🦗 (@boo) May 12, 2022
This is one of the biggest changes in the company since Elon Musk announced it would buy it for $ 44 billion (€ 42.37 billion).
According to Agrawal in the same note, which was read by Reuters and republished by ΑΠΕ-ΜΠΕ, the company will terminate most of the recruitment process, but will also evaluate the jobs offered in order to decide whether some “should be retired».
He himself attributed this decision, in part, in Twitter’s inability to meet its targets of increasing its number of users and revenuein order to maintain confidence in achieving the goals of aggressive development, as they were set in 2020. “We must continue to be careful with our teams, recruitment, but also costs,” Agrawal wrote characteristically.
The company has targeted annual revenue of $ 7.5 billion ($ 7.22 billion) and 315 million daily users by the end of 2023. However, Twitter Inc abandoned the above targets in its most recent earnings report.
What the two fired people said
“Parag asked me to leave after informing me that he wanted to give the team a different direction,” Baker said in a statement. is still on paternity leave from Twitter.
The truth is that this is not how and when I imagined leaving Twitter, and this was not my decision. Parag asked me to leave after letting me know that he wants to take the team in a different direction.
– Kayvon Beykpour (@kayvz) May 12, 2022
“I will clarify that I was also fired by Parag,” Falk said, despite the fact that he later appeared to withdraw his post. Falk thanked his team with a series of posts, while updating his personal information, where he is referred to as “unemployed”. “The results were possible due to your hard work. Quarterly revenue does not lie. “Search it on Google,” he remarked.
Although not planned redundanciesAgrawal said that Twitter Inc. will reduce its costs for contract partnerships, travel, and commercial services, as well as its real estate footprint.
Source: News Beast

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