Twitter CEO fires two leaders, hiring paused to cut costs amid Musk takeover
Microblogging platform said it would pull back on non-labor costs and pause most hiring this week
Twitter CEO said company could not hit user growth and revenue milestones to maintain confidence
Two senior Twitter Inc (NYSE: TWTR) leaders are leaving the company in one of the biggest shake-ups since billionaire Elon Musk announced to buy the microblogging platform for $44 billion.
Kayvon Beykpour, who led the consumer division, and Bruce Falck, who oversaw revenue, will depart the company, Reuters reported on Thursday, citing an internal memo to the employees sent by Twitter Chief Executive Parag Agrawal.
In a series of tweets, Beykpour, who worked for over seven years at Twitter, said, “Parag asked me to leave after letting me know that he wants to take the team in a different direction,” mentioning that he is in the midst of paternity leave.
