Written by Brenda Nakalema

Twitter Fires Two Top Executives and Initiates Hiring Freeze

Twitter (ticker: TWTR) has fired two senior executives and has initiated a pause on hiring new employees, the company announced …

Twitter (ticker: TWTR) has fired two senior executives and has initiated a pause on hiring new employees, the company announced on Thursday.

Former executives Kayvon Beykpour and Bruce Falck were confirmed to be leaving the company. They will both be replaced by the current vice president of product, Jay Sullivan, serving as general manager of Blubird and interim manager of the company Goldbird, said the company’s spokesperson.

The former general manager of product Beykpour, and the general manager of revenue, tweeted about the decision on Thursday even before the company publicly confirmed the move. The two announced that CEO Parag Agrawal had asked them to leave the company.

“The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision,” Beykpour tweeted. “Parag asked me to leave after letting me know that he wants to take the team in a different direction.”

The company has announced that it will be pausing most hiring and backfills except for business-critical roles, the company spokesperson said. The company will utilize part of the backfill pause as an opportunity to review all extended offers to determine whether they should get pulled back, he added. At the moment, Twitter isn’t planning any layoffs.

“We are pulling back on non-labour costs to ensure we are being responsible and efficient,” said the company spokesperson.

The decision comes only a few weeks after Twitter accepted billionaire Elon Musk’s offer to acquire the company at $44 billion.

Twitter stock dropped 1.8% on Thursday, settling at $45.28.