Parag Agrawal shakes up Twitter, fires key executives and freezes hiring

Parag Agrawal has shaken up Twitter including firing consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck as the microblogging platform gets ready for Elon Musks 44 billion acquisition to close later this fallIn a memo sent to employees Agrawal said there is a hiring freeze now and Twitter will also pause spending in most areasIts critical to have the right leaders at the right time Jay Sullivan currently interim GM of Bluebird has shown this powerfully I have therefore decided to make Jay the permanent GM of Bluebird Agrawal said in the memo seen by The VergeBluebird is Twitters consumer product team and Goldbird is the team that builds revenuegenerating productsStaff refers to Twitters senior leadership teamAgrawal said that Beykpour will be leaving TwitterUnder his leadership our product has evolved and grown meaningfully I know I speak for all of us when I say we are deeply grateful for his tremendous impact said the Indianorigin CEOFalck will be departing Twitter and we will be opening the search for a new GM of GoldbirdUnder his leadership we rebuilt our ad server and anchored the foundation for evolving our ads business to be more performance based In the interim the Goldbird org reports to Jay Sullivan said AgrawalEffective this week Twitter is pausing most hiring and backfills except for business critical roles as determined by Staff membersWe will also be reviewing all extended offers to determine criticality and those that should be pulled back We are not planning companywide layoffs but leaders will continue making changes to their organizations to improve efficiencies as needed Agrawal said in the memoTwitter said it is also reducing contractor and consulting spend travel and events marketing real estate footprint on premise and publiccloud related infrastructure spend and other operational costsNext week will be holding a virtual offsite with our Global Leadership Team GLT to drive further cohesion and focus and strengthen our collective plans to best support all of you added Agrawal who may also be asked to go once Musk takes overThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever