Two senior Twitter executives overseeing the company’s customer and revenue divisions will leave Twitter Inc., CEO Parag Agrawal told employees in an internal note released yesterday.
This is one of the biggest changes to the company since Elon Musk announced he would buy it for $ 44 billion (€ 42.37 billion).
According to Agrawal in the same note, which was read by Reuters, the company will stop most of the recruitment process, but will also evaluate the offered jobs, in order to decide if some “should be retired.”
He attributed the decision, in part, to Twitter’s inability to meet its targets of increasing its number of users and revenue, in order to maintain its confidence in achieving the aggressive growth targets set in 2020.
“We have to continue to be careful with our teams, the recruitment, but also the 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 goals in its most recent earnings report
Kevin Baker, who heads Twitter’s customer service, and Bruce Falk, who oversaw revenue, said in a post yesterday that their departures were not their own decision.
“Parag asked me to leave after informing me that he wanted to give the team a different direction,” Baker said in a post, adding that he was still on Twitter paternity leave.
“I’m going to make it clear that I’m also fired by Parag,” Falk said, despite the fact that he later appeared to withdraw his post. , where it is referred to as “unemployed.”
“The results were made possible by your hard work. The quarterly revenue is not a lie. Do a Google search for it,” he said.
Jay Sullivan, who was in charge of the customer department when Baker left, will become the permanent head of the mentioned management. He will oversee the revenue team until a new manager is appointed, Agrawal said in the same internal note.
Although no layoffs are planned, Agrawal said Twitter Inc. will reduce its costs for contract partnerships, travel, and commercial services, as well as its real estate footprint.
Source: Capital
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