Before Musk's acquisition, veteran Twitter executives were shocked

Before Musk's acquisition, veteran Twitter executives were shocked ...

Despite rising employee concerns about their futures at the company, two of the platform''s key executives have been pulled out. Twitter (TWTR) - Get Twitter, Inc. Report - is in a constant state of outage.

According to an internal email from the New York Times, Twitter CEO Parag Agrawal has asked General Manager of Consumer Kayvon Beykpour and General Manager of RevenueBruce Falck to leave the company for unknown reasons, describing the need to "have the right leaders at the correct time."

Unexpected Move

"The truth is that this isn''t how and when I imagined leaving Twitter," Beykpour wrote in a thread on his Twitter account. "Parag asked me to leave after revealing me that he intends to take the team in a different direction."

Beykpour was a follow-up to Twitter in 2015, when it acquired Periscope, a live video app he co-founded. Falck was also joined by Twitter in 2017. He had previously been the CEO of Turn.

In a tweet about Beykpour saying he was leaving his paternity leave to announce his unexpected departure, it sent shockwaves through the public within minutes of it being published in the early afternoon of May 12.

"Kayvon was one of the best tweet experiences ever," says Seth Sheffer, adding that other people speculated that the Musk-era exodus had already begun. "This is a very bizarre thing to see unfold."

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Hiring Freeze

According to the memo, Twitter was putting all of its hire and moving to reduce costs. So far, information on what it will look like beyond cuttingnon-labor expenses is scarce.

Such reductions are aligned with what is happening in many IT firms, who are currently experiencing withdrawal symptoms from a global profitability boom.

Get Meta Reportannounced that it would slow down hiring to reduce costs and enhance its strategy later this month, according to reports from investors. Three days later, Uber (UBER) - reported a "seismic shift" in investor sentiment as the reason to significantly slow its hiring.

While this might only imply a restructuring for many companies, job listings are rising, and unemployment in the IT industry is at 1.3 percent higher than in the United States, according to Twitter. Due to the significant increase that is inevitable as the company goes from public to private, the company is changing.

A memo reportedly revealed that there were no official positions that were previously laid off.

Musk has previously revealed that he wants to increase Twitter''s revenue fivefold by 2028. While he said that he intends to reduce executive and board salaries, such a large profit goal also makes significant layoffs extremely unlikely.

Musk said in the same week that he would eliminate the Twitter restriction on Donald Trump.

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