Twitter has ousted two top executives — with both of them tweeting they were fired on Thursday — as the social media giant edges closer to being acquired by Tesla CEO Elon Musk. Kayvon …
, Agrawal also announced that the company would freeze new hires and that discretionary spending would be pulled back.Kayvon Beykpour, Twitter’s general manager, was relieved of his duties on Thursday.Bruce Falck, Twitter’s general manager for revenue, was also fired on Thursday.Agrawal noted in the memo that the changes were made due to Twitter’s failure to hit audience and revenue growth goals.
Musk has said that he intends to buy out shareholders and take the company private. He also plans to institute changes to its content moderation policy.Twitter has taken steps in recent weeks to boost sagging morale at the company as employees are dreading Musk’s assuming the helm.and urged them to stay motivated despite the specter of significant changes on the horizon.
“Why show up and build stuff for an app that’s about to be in the hands of a new owner…who has said he plans to make serious changes?” Bloomberg reported, summing up staffer’s gripes.Musk has vowed to revamp the company’s content moderation policies that have resulted in bans of controversial figures, many of them on the political right. Twitter is fearful that ahead of Musk’s takeover, according to a regulatory filing that was submitted this week.
“Sullivan told employees that they have a responsibility to each other, and to a product used by hundreds of millions of people, which hosts the world’s most urgent and important public conversations,”“They’re all in this together, he added, according to the people, who asked not to be named sharing internal discussions.”
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