Twitter to pause most hiring, executives flee ahead of Elon Musk's arrival

Posted 4 days ago

From WWW.FOXBUSINESS.COM

Twitter will pause most hiring and backfills starting this week ahead of the closing of Tesla CEO Elon Musk's $44 billion acquisition.

A Twitter spokesperson confirmed to FOX Business that the hiring freeze will not impact business critical roles. The spokesperson added that social media giant will cut "non-labor" spending to ensure it is being "responsible and efficient."

In addition, Twitter's general manager of the consumer product division, Kayvon Beykpour, and revenue product lead, Bruce Falk will both depart the company after being asked to leave by CEO Parag Agrawal.

Beykpour, who has worked at Twitter for over seven years and is currently on paternity leave, confirmed the news in a Twitter thread on Thursday.

"The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision," he said. "Parag asked me to leave after letting me know that he wants to take the team in a different direction."

Though he expressed his disappointment in the decision, he said he was proud that his team "changed the perception around Twitter’s pace of innovation" and "shifted the culture internally to make bigger bets, move faster, and eliminate sacred cows."

"I hope and expect that Twitter’s best days are still ahead of it," he added. "Twitter is one of the most important, unique and impactful products in the world. With the right nurturing and stewardship, that impact will only grow."

Falck, who has worked with Twitter for five years, thanked his team for their hard work.

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