Twitter won’t hire new employees and may rescind offers already out while it awaits Elon Musk’s $44 billion takeover
and may continue to do so. The company isn’t planning company-wide job cuts, “but leaders will continue making changes to their organizations to improve efficiencies as needed,” Agrawal wrote.
“At the beginning of the pandemic in 2020, the decision was made to invest aggressively to deliver big growth in audience and revenue, and as a company we did not hit intermediate milestones that enable confidence in these goals,” Agrawal said. “In order to responsibly manage the organization as we sharpen our roadmaps and our work, we need to continue to be intentional about our teams, hiring and costs.
Two of Twitter’s top leaders are also departing. Kayvon Beykpour, head of consumer product, and Bruce Falck, in charge of revenue, are both leaving the company. Jay Sullivan will take over as head of product and interim head of revenue. Sullivan has talked about re-focusing the company on fewer projects during recent team- and company-wide meetings, according to a person familiar with the matter.
Beykpour said on Twitter that it’s not how he imagined leaving the company. “Parag asked me to leave after letting me know that he wants to take the team in a different direction,” he said.
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