Twitter CEO Parag Agrawal fires two top executives ahead of Musk acquisition
Twitter CEO Parag Agrawal has dismissed two top executives and has implemented a hiring freeze on the social media company in light of its acquisition by Tesla CEO Elon Musk.
The New York Times cites an internal memo on Thursday, saying Kayvon Beykpour, Twitter’s general manager and Bruce Falck, the general manager for revenue were dismissed.
“It’s critical to have the right leaders at the right time,” Mr Agrawal said in the memo.
Mr Beykpour is being replaced by Jay Sullivan, the interim general manager of consumer product, the memo noted.
Mr Beykpour confirmed his dismissal in a tweet on Thursday, saying it was not “how and when I imagined leaving Twitter, and this wasn’t my decision.”
“Parag asked me to leave after letting me know that he wants to take the team in a different direction,” Mr Beykpour said.
Twitter is also halting hiring new hands, except for business-critical roles, and is scaling back on non-labour expenses “to ensure we are being responsible and efficient.”
The internal restructuring comes as Twitter’s board of directors accepted Mr Musk’s offer of $54.20 per share in cash, valued at about $44 billion, last month after he teamed up with a handful of big investors to raise cash and equity to buy out the company.
Mr Musk had acquired 9.2 per cent of the company, buying nearly 73.5 million shares, worth about $2.89 billion, making him Twitter’s largest shareholder.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Iran arresting, detaining women over head covering: UN
The country’s morality police had announced stricter checks some weeks ago, the UN High Commissioner for Human Rights Volker Türk said.
World
Ukraine receives bodies of 140 fallen soldiers from Russia
It is not yet known whether and how many dead soldiers Russia has received from Ukraine.
Education
ASUU urges Sokoto govt to pay state varsity workers’ outstanding allowances
The ASUU-SSU also called on the Sokoto State government to settle the Earned Academic Allowance (EAA) owed to its members.
Lagos
Court remands man for defiling 12-year-old girl
Mr Adeosun said Mr Afeez sexually penetrated the vagina of the 12-year-old girl with his fingers.
States
Osun government urges residents to be on lookout for water pipe vandals
The water corporation’s general manager appealed to the state residents to be vigilant and monitor the activities of scavengers in their areas.
NationWide
Saudi donates 50 tonnes of dates to Nigerian government
Mr Alghamdi said the humanitarian donation reflected the decades-long brotherly bond between Nigeria and Saudi Arabia.