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Twitter CEO Parag Agrawal dismisses top manager and freezes hiring prior to acquisition of Elon Musk

Twitter sack manager: Parag Agrawal said the decision was difficult but correct.

Twitter CEO Parag Agrawal has fired two top managers ahead of plans to buy Tesla’s founder, Elon Musk, the world’s wealthiest person. The company has asked General Manager Kavyon Beykpour and Revenue and Product Leader Bruce Falck to resign to “take the team in another direction.” The microblogging website has confirmed development and said it has suspended recruitment except for important roles. “We are reducing non-labor costs to ensure responsibility and efficiency,” he said in a statement.

Beykpour led the design, research, product, engineering, and customer service teams. He joined the company in 2015. Falck’s Twitter account says “unemployed”. In his tweet, he thanked his colleague for giving him the opportunity to “serve with you.”

“The truth isn’t the way and time I imagined leaving Twitter, and this wasn’t my decision. Parag told me he wanted to take the team in another direction and then let me leave. Bekpour tweeted.

Agarwal, who became CEO of the company earlier this year, has recently been actively investing in expanding its user base and revenue, but employees say the company has not met its expected growth trajectory and revenue targets. Told to.

After the dismissal, Parag Agrawal sent an email to employees on Thursday saying that the decision would help navigate Twitter during this period of change. He said these changes are difficult, but correct for the company.

Musk offered to buy Twitter for a whopping $ 43 billion. He details his plans for the future with the company, saying that Twitter may charge governments and businesses to use Twitter. With this subscription model, he hopes to double the company’s bottom line by 2028.

With input from PTI

https://www.dnaindia.com/world/report-twitter-ceo-parag-agrawal-fires-top-managers-freezes-hiring-ahead-of-elon-musk-takeover-2952642 Twitter CEO Parag Agrawal dismisses top manager and freezes hiring prior to acquisition of Elon Musk

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