Friday, 20 May 2022

Twitter announces hiring freeze as two top executives leave

Twitter announces hiring freeze as two top executives leave


Twitter announces hiring freeze as two top executives leave

Twitter announced the departure of two top leaders in a major shakeup that comes as billionaire Elon Musk is working to close a $44bn deal to acquire the company.

Agrawal said Twitter was not able to hit user growth and revenue milestones to maintain confidence that it could reach aggressive growth targets it had set in 2020.

Catherine Hill, a spokeswoman from Twitter confirmed by email the two employees would be leaving the company.

Agrawal had installed both the executives in those roles in a reorganization of the company when he took over as chief executive officer in December, after founder Jack Dorsey stepped down from the role.

On his personal account, where he has 92.5 million followers, Musk has mused about creating a subscription model for the social media platform, verifying all users, and returning the homepage to a chronological timeline from its current algorithmic feed.

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