Twitter fired two of its top executives on Friday, the latest sign of internal turmoil amid Tesla billionaire Elon Musk’s proposed takeover of the company.
A CEO of Twitter, Kayvon Beykpour, is leaving the company after 7 years. in one series of tweets On Thursday, Beykpour said CEO Parag Agrawal “asked me to leave after telling me he wanted to take the team in a different direction.”
Bruce Falck, Twitter’s head of sales and product, was also fired, according to a now-deleted tweet. His Twitter bio now reads “unemployed.”
“I dedicate this tweet to these engineers and thank ALL for the opportunity to serve by your side. It was great. There’s still work to be done so get back to work I can’t wait to see what you build,” Falck tweeted.
Twitter confirmed both departures and said the company is pausing most hires, except for mission-critical positions. In addition, a statement said: “We are backing down on non-labor costs to ensure we operate responsibly and efficiently.”
Beykpour was the general manager of Consumer Twitter, leading design, research, product, engineering, and customer service and operations teams, according to his Twitter bio. A co-founder of the live streaming app Periscope, Beykpour joined Twitter when the social media company bought his startup in 2015.
“I hope and expect Twitter’s best days are yet to come. Twitter is one of the most important, unique and impactful products in the world. With proper care and management, this impact will only increase,” he said on Twitter.
Beykpour did not immediately respond to a message for comment.
In a memo sent to employees and confirmed by Twitter, Agrawal said Twitter has not met growth and revenue milestones after the company began investing “aggressively” to expand its user base and revenue.
Shares of San Francisco-based Twitter fell 86 cents to $45.23 as of Thursday afternoon. That’s just 3 cents above Musk’s asking price of $45.20 per share.
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