Not Working "Just To Keep Lights On": Twitter CEO's Thread On Big Changes
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The post came a day after Twitter fired two senior executives and Elon Musk announced that the $44 billion deal of him acquiring the site is on hold
Twitter CEO Parag Agrawal has posted a detailed thread on the recent changes in his team and why he effected them at a time when the micro-blogging site is set to be acquired by Tesla CEO Elon Musk. A lot has happened over the past several weeks. I've been focused on the company and haven't said much publicly during this time, but I will now. We announced changes to our leadership team and operations yesterday. Changes impacting people are always hard. And some have been asking why a “lame-duck” CEO would make these changes if we're getting acquired anyway. The short answer is very simple: No one at Twitter is working just to keep the lights on. We take pride in our work. Regardless of the company's future ownership, we're here improving Twitter as a product and business for customers, partners, shareholders, and all of you. People have also asked: why manage costs now vs after close? Our industry is in a very challenging macro environment – right now. I won't use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter. So what can you expect from me going forward? I'm still focused on doing the job, and that includes making hard decisions as needed. I will continue to embrace the deep complexities of our service and our business. And you can expect more change for the better. Finally – so much gratitude for our whole Twitter team. They have stood strong and focused, sharp and agile. They've been doing the work, as they always have. Onward.
The long post came a day after Twitter fired two senior executives and Mr Musk announced that the $44 billion deal of him acquiring the site is currently on hold as he waits for data on fake accounts.
Mr Agrawal said "some have been asking why a 'lame-duck' CEO would make changes if we're getting acquired anyway".
