Social Media

Twitter CEO Reveals Reasons Behind Sack of Top Officers

Chief Executive Officer of Twitter, Parag Agrawal has disclosed that the company sacked two of its officials in order to reduce costs and as well, fight against the economic challenges being faced by the company.

Parag insisted that he is committed to doing the right thing and as well, taking some drastic decisions in the wake of Twitter’s sale to Elon Musk.

Investors King had earlier reported that Elon disclosed that his decision to buy Twitter has been put on hold due to the current data on spam/fake accounts on Twitter. Parag is however confident that the deal will still go through.

According to Parag, the two sacked officers are Kayvon Beykpour, who was in charge of the consumer division, and Bruce Falck, who was in charge of revenue.

Further revealing the reasons behind the sack, Parag wrote on Twitter: “A lot has happened over the past several weeks. I’ve been focused on the company and haven’t said much publicly during this time, but I will now. We announced changes to our leadership team and operations yesterday. Changes impacting people are always hard. And some have been asking why a ‘lame-duck’ CEO would make these changes if we’re getting acquired anyway. The short answer is very simple:

“While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter. I’m accountable for leading and operating Twitter, and our job is to build a stronger Twitter every day. No one at Twitter is working just to keep the lights on. We take pride in our work. Regardless of the company’s future ownership, we’re here improving Twitter as a product and business for customers, partners, shareholders, and all of you.

“People have also asked: why manage costs now vs after close? Our industry is in a very challenging macro environment – right now. I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter”.

Parag concluded that he would continue to attract deep complexities of Twitter’s service and business, adding that the company can expect more change for the better.

He also promised to constantly bring more transparency to the work he does at the company.

“You won’t see tweets from me on the ‘topic of the day’ or the loudest sound bite, but rather on the ongoing, continuous, and challenging work our teams are doing to improve the public conversation on Twitter,” he added.

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