Twitter CEO Parag Agrawal says he fired key executives due to ‘challenging’ economy

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New Twitter CEO Parag Agrawal has largely remained silent. the company’s ongoing rollercoaster ridealthough its likely future owner, Elon Musk, continues to do just the opposite.

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But Agrawal finally broke his silence after a particularly tumultuous week in company during which he fire two key executives, Twitter Head of Product Keivon Bakpour and Bruce Falk, who ran the company’s revenue side.

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“The truth is that this is not how and when I could leave Twitter, and it was not my decision,” Bakpour. said about the unexpected decisionthat happened while he was on parental leave. Bakepur explained that Agrawal asked him to leave the company out of a desire to take the consumer team “in a different direction”.

In his new tweet thread, Agrawal deftly said a lot without getting to the point, a classic CEO skill that was not really shared by his often casual, impromptu predecessor.

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Agrawal explained that he expects the Musk deal to close, but under his watch, Twitter should be “prepared for all scenarios.” His comments mostly hint at the current economic climate in which the technology industry and the stock market in general find themselves. crumble from recent highs. Startups and tech giants closing hatches, cutting spending, and imposing a hiring moratorium to weather the storm. According to Agrawal, Twitter is doing the same.

“People also wondered: why manage costs now and not after the closure?” Agrawal said. “Our industry is currently in a very challenging macro environment. I will not use the deal as an excuse to avoid making important decisions for the health of the company, like any executive on Twitter.”

What’s less clear is how Agrawal’s decision to fire powerful company leaders fits in with any vision Musk has. While Twitter languished for the better part of a decade without new products or investor-friendly growth, the company has looked like a very different beast over the past year, delivering new consumer products right and left, tackling tough issues like harassment, and experimenting with new ones. revenue streams to free it from advertising. Whatever Agrawal’s actions ultimately mean, the company appears to be changing course, shedding two figures who have recently laid a big foundation for growth in the process. It remains to be seen whether Agrawal will survive this process and live to see the Mask era.

Meanwhile, Musk’s sideshow continues. For now, the CEO of Tesla and SpaceX is technically blocked in the Twitter deal, but in the meantime, he continues to wreak havoc and pile up likely SEC fines. On Friday, Musk questioned all of that, saying the deal “temporarily suspended” when it analyzes the ratio of bots to real accounts in a social network, this is just one of the many existential problems of the platform, but one that turns out to be his favorite problem.

At the time of writing, this alleged development has not been supported by any financial documents or supporting evidence. While it’s possible that Musk is trying to somehow back out or reprice his purchase, it’s just as likely that the infamous fickle billionaire is just tweeting stream of consciousness style stream of his thoughts, SEC fines be damned, in this case to the detriment of the company he allegedly trying to buy.




Credit: techcrunch.com /

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