One more chapter arrives to compose the novel involving the Elon Musk it’s the twitter (TWTR). Three senior executives have left the company.
This means that the social network has lost a total of five top executives since Elon Musk made his $44 billion takeover bid.
The outgoing executives, as first reported by Bloomberg, are: Vice President of Product Management Ilya Brown, Vice President of Twitter Service Katrina Lane and Head of Data Science Max Schmeiser.
Bloomberg saw memos from executives announcing their departures and reports that each of them said they were leaving on their own.
the layoffs
The vice president of product management confirmed that he was leaving company in a tweet and said his departure had nothing to do with Musk’s takeover bid.
For all the reporters in my DMs looking for me to spill the tea… ☕️
Yes, I’m leaving Twitter. 😢
No, it is not because of Elon or uncertainty inside the company. https://t.co/Ry9kBdqoGt
— Ilya Brown (@ilyabr0wn) May 17, 2022
“We are grateful for all the hard work and leadership,” a Twitter spokesperson said of the outgoing executives in a statement to Bloomberg. “We remain focused on providing the best experience for people on Twitter,” they added.
The company fired two other top executives last week: general manager Kayvon Beykpour and revenue product lead Bruce Falck.
Beykpour said he was asked out by CEO Parag Agrawal, and which Agrawal said he wanted to “take the team in a different direction”.
Layoffs, Economy and Elon Musk’s Strategy
Twitter also announced that it was pausing hiring beyond “business-critical functions” – a measure that mirrored a previous Facebook ad (FB).
This comes amid a broad economic downturn, during which technology were particularly hit.
For Twitter, the economic uncertainty is compounded by the theatrics of Musk’s takeover bid. the billionaire of Tesla (TSLA) delayed the deal, claiming it needs to see evidence of how the network calculates the number of spam and fake accounts on its platform.
This could be a ploy by Musk to force Twitter back to the negotiating table and haggle for a better price, according to experts consulted by Business Insider.
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
