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According to an internal memo shared with employees on Thursday, the two leaders of Twitter are leaving the company as part of the shake-up of senior executives. elon muskrichest man in the world.
According to the memo obtained by The New York Times, Twitter’s chief executive Kayvon Beykpour is leaving and will be replaced by Jay Sullivan. Mr. Sullivan is currently the interim general manager of consumer product. Bruce Falck, Twitter’s chief revenue officer, is also leaving the company.
“Having the right leaders at the right time is critical,” Twitter CEO Parag Agrawal said in a note to staff. Mr. Sullivan’s “product vision, ability to inspire, act fast and drive change is what Twitter needs now and in the future.”
The memo said Twitter has paused most new hires and is cutting back on discretionary spending, although the company isn’t currently planning layoffs. Mr. Agrawal wrote that part of this was due to the company’s failure to meet its target audience and revenue growth targets.
Twitter has been in turmoil since Mr Musk struck a deal last month. buy social media service For $44 billion. The billionaire, who also manages electric car manufacturer Tesla and rocket company SpaceX, said that he will take Twitter privately and wants to develop the product. He has criticized Some of Twitter’s top executives are public, especially for the way they moderate conversations about the service.
Musk, who still has some funding for the acquisition, is expected to finalize the Twitter deal in the next few months. In a step towards investorsHe said Twitter wants to fivefold its revenue by 2028, increasing its users from 217 million at the end of last year to 931 million by then.
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