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Monday, December 05, 2022

Managers fired from Twitter amid oyster buying turmoil

Twitter fired two of its top managers on Thursday, the latest sign of internal turmoil amid the company’s planned purchase of Tesla billionaire Elon Musk.

A Twitter general manager, Kyvan Becpour, is leaving after 7 years. one in series of tweets On Thursday, Bekpore said CEO Parag Agarwal said this after “telling me that he wants to take the team in a different direction.”

Twitter’s head of revenue and product Bruce Falk was also fired, according to a tweet, which has since been removed. His Twitter bio now says “unemployed.”

“I dedicate this tweet to those engineers and thank you all for the opportunity to serve with you. It’s been wonderful. There’s so much more to do. Get back to work, I look forward to seeing you.” Can’t do what you make,” Falk tweeted.

Twitter confirmed both departures and said that the company is halting most work and leaving aside important commercial roles. In addition, it said in a statement, “We are pulling back on nonessential labor costs to ensure that we are responsible and efficient.”

Baccour was General Manager of Consumer Twitter, leading the design, research, product, engineering and customer service and operations teams, according to his Twitter bio. A co-founder of live streaming app Periscope, Becpore joined Twitter when the social media company bought its startup in 2015.

“I hope and hope that Twitter’s best days are still ahead of it. Twitter is one of the most important, unique and influential products in the world. With the right nutrition and leadership, that impact will only grow,” he said on Twitter. said.

Becpor did not immediately respond to a message for comment.

In a memo sent to employees and confirmed by Twitter, Agarwal said Twitter did not hit the growth and revenue milestone after the company began investing “aggressively” to expand its user base and revenue. has killed.

Shares of San Francisco-based Twitter slipped 86 cents to $45.23 on Thursday afternoon, which is more than 20% off Musk’s offer price of $54.20 per share.

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This article has been updated to correct Musk’s offer price for Twitter at $54.20 per share, not $45.20 per share, and to correct the day of the firing, which occurred on Thursday, not Friday.

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