Twitter’s CEO fires top product exec as company cuts costs

There’s a brand new shakeup taking place on the top of Twitter. CEO Parag Agrawal has fired the company’s common supervisor of client merchandise Kayvon Beykpour so as to “take the team in a different direction.” Bruce Falck, the company’s common supervisor for income, can also be leaving, the company confirmed. Beykpour, who had been with the company for seven years, was on the paternity depart on the time. 

The shakeup comes alongside a companywide pause on hiring as Twitter tries to chop costs. A mentioned the company is “pausing most hiring” and “pulling back on non-labor costs.” It will seemingly gasoline extra uncertainty at Twitter, which has been reeling because the company accepted Elon Musk’s supply to purchase the company. Agrawal has reportedly advised staff the company’s present execs don’t know what course Musk will take the platform. Musk has mentioned he has no confidence in Twitter’s present administration, and that he has a brand new CEO in thoughts for when the deal closes.

Despite all that, Agrawal is making massive adjustments of his personal. Most notably, by firing Beykpour, a longtime product government who’s well-liked in and outdoors of Twitter. “The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision,” he wrote in a thread about his departure. “Parag asked me to leave after letting me know that he wants to take the team in a different direction.”

In a memo, Agrawal cited the company’s to hit targets for income and person progress, The New York Times . Musk has made clear he has much more aggressive targets for the platform. He not too long ago said that he intends Twitter’s person base to almost a billion customers by 2028.

Twitter is not the one main platform seeking to minimize costs. Meta has additionally mentioned it intends to drag again on its hiring plans, and has ended some initiatives in its Reality Labs division. 

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