New Delhi: Breaking his silence, a defiant Twitter CEO Parag Agrawal has defined why a “lame-duck” CEO has made key adjustments 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 mentioned that rather a lot has occurred over the previous a number of weeks.
So much has occurred over the previous a number of weeks. I’ve been centered on the corporate and have not mentioned 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 mentioned a lot publicly throughout this time, however I’ll now,” he mentioned 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 unique path”.
“Adjustments impacting persons are at all times onerous. And a few have been asking why a “lame-duck” CEO would make these adjustments if we`re getting acquired anyway. The brief reply could be very easy: We take satisfaction in our work,” he added.
“Whatever the firm`s future possession, we`re right here bettering Twitter as a product and enterprise for patrons, companions, shareholders, and all of you,” Agrawal added.
On the $44 billion Musk deal, he mentioned: “Whereas I anticipate the deal to shut, we should 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 daily.”
On hiring freeze and different cost-cutting measures he introduced, Agrawal mentioned: “Our trade is in a really difficult macro setting – proper now. I received`t use the deal as an excuse to keep away from making essential choices for the well being of the corporate, nor will any chief at Twitter.”
Agrawal has mentioned that efficient this week, Twitter is pausing most hiring and backfills, aside from enterprise important roles.
“What are you able to anticipate from me going ahead? I`m nonetheless centered on doing the job, and that features making onerous choices as wanted. I’ll proceed to embrace the deep complexities of our service and our enterprise. And you’ll anticipate 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 faux 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) through the first quarter (Q1).