Two Twitter Leaders Are Leaving Company Following Musk Deal

Two Twitter leaders are leaving as part of a shake-up of top executives, as the company is embroiled in a takeover of Elon Musk, the world’s richest man, according to an internal memo shared with employees on Thursday.

Kevin Backpore, Twitter’s general manager, is leaving and will be replaced by Jay Sullivan, according to a memo obtained by The New York Times. Mr. Sullivan is currently the Interim General Manager of Consumer Products. Bruce Falk, Twitter’s general manager for revenue, is also leaving the company.

“It’s important to have the right leaders at the right time,” Twitter chief executive Parag Agarwal said in a memo to staff. Mr. Sullivan’s “Product vision, ability to inspire, fast forward and change is what Twitter needs now and in the future.”

The memo states that Twitter is blocking most new recruits and withdrawing at discretionary costs, although the company is not currently planning layoffs. Part of this is due to the company not achieving its targets in audience and revenue growth, Mr. Agarwal has written.

Mr has been on Twitter ever since. Musk last month struck a 44 billion deal to buy the social media service. The billionaire, who also runs electric car maker Tesla and rocket company SpaceX, has said he will take Twitter private and seek to improve production. He has publicly criticized some of Twitter’s top executives, especially the way they have spoken out against the service.

Mr. Musk, who is still in line for some financing for the purchase, is expected to close the deal for Twitter in the next few months. In a pitch for investors, he said he wants to increase Twitter’s revenue by 2028 and increase the number of its users to 931 million by then, up from 217 million at the end of last year.

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