New Delhi: Breaking his silence, a defiant Twitter CEO Parag Agrawal has defined why a “lame-duck” CEO has made key modifications on the micro-blogging platform amid the $44 billion takeover by the Tesla CEO.
Stressing that “nobody at Twitter is working simply to maintain the lights on,” he stated that so much has occurred over the previous a number of weeks.
Rather a lot has occurred over the previous a number of weeks. I have been centered on the corporate and have not stated a lot publicly throughout this time, however I’ll now.
— Parag Agrawal (@paraga) Could 13, 2022
“I`ve been centered on the corporate and haven`t stated a lot publicly throughout this time, however I’ll now,” he stated in a tweet thread.
Agrawal has fired shopper product chief Kayvon Beykpour and head of income product Bruce Falck to “take the group in a distinct route.”
“Modifications impacting persons are at all times laborious. And a few have been asking why a “lame-duck” CEO would make these modifications if we`re getting acquired anyway. The brief reply may be very easy: We take delight in our work,” he added .
“Whatever the firm`s future possession, we`re right here enhancing Twitter as a product and enterprise for purchasers, companions, shareholders, and all of you,” Agrawal added.
On the $44 billion Musk deal, he stated: “Whereas I count on the deal to shut, we have to be ready for all eventualities and at all times do what`s proper for Twitter. I`m accountable for main and working Twitter, and our job is to construct a stronger Twitter each day.”
On hiring freeze and different cost-cutting measures he introduced, Agrawal stated: “Our business is in a really difficult macro atmosphere – proper now. I received`t use the deal as an excuse to keep away from making necessary selections for the well being of the corporate , nor will any chief at Twitter.”
Agrawal has stated that efficient this week, Twitter is pausing most hiring and backfills, aside from enterprise vital roles.
“What are you able to count on from me going ahead? I`m nonetheless centered on doing the job, and that features making laborious selections as wanted. I’ll proceed to embrace the deep complexities of our service and our enterprise. And you may count on extra change for the higher,” the Indian-origin CEO defined.
Musk has put the $44 billion Twitter deal quickly on maintain, as he desires to know what number of Twitter accounts are spam or pretend earlier than he invests an enormous sum of cash.
The micro-blogging platform revealed in a submitting earlier this week that false or spam accounts represented fewer than 5 per cent of its monetisable every day energetic customers (mDAUs) in the course of the first quarter (Q1).