Twitter confirmed both departures and said the company was suspending most hiring except for business-critical roles.
Twitter on Friday fired two of its top executives, the latest sign of internal unrest amid the company’s proposed takeover by billionaire Tesla Elon Musk.
A Twitter CEO, Kayvon Beykpour, is leaving after seven years. In a series of tweets on Thursday, Beykpour said CEO Parag Agrawal “asked me to leave after letting me know he wanted to take the team in a different direction.”
The truth is, that’s not how and when I imagined leaving Twitter, and it wasn’t my decision. Parag asked me to leave after letting me know he wanted to take the team in a different direction.
— Kayvon Beykpour (@kayvz) May 12, 2022
Bruce Falck, Twitter’s chief revenue and product officer, was also fired, according to a tweet that has since been deleted. His Twitter bio now says “unemployed.”
“I dedicate this Tweet to these engineers and thank you ALL for the opportunity to serve alongside you. It’s been awesome. There’s a lot more to do so get back to work, I can’t wait to see what you build Falck tweeted.
Twitter confirmed both departures and said the company was suspending most hiring except for business-critical roles. Additionally, he said in a statement, “we are reducing non-labor costs to ensure we are responsible and efficient.”
Beykpour was the general manager of consumer Twitter, leading the design, research, product, engineering, and customer service and operations teams, according to his Twitter bio. Co-founder of live-streaming app Periscope, Beykpour joined Twitter when the social media company bought his startup in 2015.
“I hope and expect that Twitter’s best days are yet ahead of it. Twitter is one of the most important, unique and impactful products in the world. With the right education and stewardship, that impact will only grow,” he said on Twitter.
Beykpour did not immediately respond to a post for comment.
In a memo sent to employees and confirmed by Twitter, Agrawal said Twitter fell short of growth and revenue milestones after the company began “aggressively” investing to expand its user base and revenue. .
Shares of San Francisco-based Twitter fell 86 cents to $45.23 midday Thursday, more than 20% below Musk’s offer price of $54.20 per share.