Twitter CEO Parag Agrawal has a put out a collection of tweets explaining why he selected to fireside two prime executives on the firm, stating that he wouldn’t keep away from making troublesome discussions in regards to the firm simply because the social community was being acquired by Elon Musk.
Agrawal fired Kayvon Beykpour, who was head of Twitter Product and Bruce Falck, lead for income product on the firm. The Twitter CEO has stated he’ll proceed to make “hard decisions as needed,” and “embrace the deep complexities of our service and our business. And you can expect more change for the better.”
It ought to be famous that Musk has stated he has put the Twitter acquisition deal on maintain, until it may be confirmed that solely 5 per cent of Twitter customers are bots or faux accounts as the corporate has claimed up to now. He has additionally stated he’s nonetheless dedicated to acquisition.
Agrawal’s choices to fireside two of the corporate’s prime executives throughout this acquisition interval has raised some questions. In Beykpour’s case, the manager was on paternity depart, and he additionally tweeted that it was the CEO who had requested him to depart the corporate. Beykpour has largely been credited with most of the new product initiatives at Twitter.
But it appears Agrawal is now talking out to manage among the narrative put up the acquisition, most of which has been managed by Elon Musk and his fixed tweets.
Agrawal wrote within the thread, “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.” He then went on to address the changes to the leadership team and that “some have been asking why a ‘lame-duck’ CEO would make these adjustments if we’re getting acquired anyway.”
According to Agrawal, whereas he expects the deal to shut, he pressured that he’s nonetheless “accountable for leading and operating Twitter,” and that nobody on the firm is simply working to maintain the lights on. “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 on Twitter,” he wrote.
Check out his tweets
We introduced adjustments to our management workforce and operations yesterday. Changes impacting individuals are all the time arduous. And some have been asking why a “lame-duck” CEO would make these adjustments if we’re getting acquired anyway. The quick reply may be very easy:
— Parag Agrawal (@paraga) May 13, 2022
People have additionally requested: why handle prices now vs after shut? Our business is in a really difficult macro setting – proper now. I will not use the deal as an excuse to keep away from making necessary choices for the well being of the corporate, nor will any chief at Twitter.
— Parag Agrawal (@paraga) May 13, 2022
So what are you able to anticipate from me going ahead? I’m nonetheless centered on doing the job, and that features making arduous choices as wanted. I’ll proceed to embrace the deep complexities of our service and our enterprise. And you possibly can anticipate extra change for the higher.
— Parag Agrawal (@paraga) May 13, 2022
I may even attempt to deliver extra transparency to the work that we do. You will not see tweets from me on the ‘subject of the day’ or the loudest sound chew, however fairly on the continuing, steady, and difficult work of our groups are doing to enhance the general public dialog on Twitter.
— Parag Agrawal (@paraga) May 13, 2022
He additionally stated he may not be tweeting on the “’subject of the day or the loudest sound chew,” in a rather clear dig at Elon Musk, and that instead, he would focus “on the continuing, steady, and difficult work our groups are doing to enhance the general public dialog on Twitter.”
According to earlier studies, Agrawal is about to realize $42 million if his contract is terminated put up the Musk deal. Reuters has reported that Musk already has a substitute in thoughts for the Twitter CEO, although others have indicated the Tesla boss may himself step in as an interim CEO ought to the deal undergo.
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With inputs from TheIndianEXPRESS