Departures and hiring freeze at Twitter while waiting for Elon Musk

The imminent arrival of Elon Musk at the head of Twitter continues to cause a stir. The social network announced Thursday the departure of two senior managers from the group as well as the suspension of all non-essential hiring.

The head of consumer and head of revenue-generating products are leaving Twitter, a spokeswoman confirmed.

The first for his part stressed on the social network that it was not about his decision. The company’s managing director, Parag Agrawal, “asked me to leave after letting me know that he wanted to take the team in a different direction,” he wrote, recalling that he was on paternity leave.

Cut in expenses

In addition to the departures of these two officials, Twitter plans to cut spending. “As of this week, we are suspending most hiring and replacements, with the exception of business-critical positions,” the spokeswoman said.

“We are reducing non-wage costs to ensure we are responsible and efficient,” she added.

A change of direction

The social network’s board of directors accepted Elon Musk’s $44 billion buyout offer at the end of April.

The entrepreneur wants to make it a bastion of freedom of expression, suggesting for example on Tuesday that he was ready to lift the permanent suspension of Donald Trump’s account decided after the attack on the Capitol.

>> Read also: Elon Musk says he wants to lift Donald Trump’s Twitter ban

On the very functioning of the company, he also mentioned the end of spam and advertising, “open source” algorithms and the diversification of sources of income without however having presented a global strategy to the general public for the moment.

According to the New York Times, Elon Musk claimed in an investor presentation that he could grow the company’s revenue fivefold by 2028, drastically increasing subscription revenue and driving the number up. active users from 217 million at the end of 2021 to 931 million in 2028.

>> Listen to the podcast dedicated to Elon Musk:

Who is Elon Musk really? / Point J / 13 min. / May 5, 2022

>> Read also: Elon Musk buys social network Twitter for $44 billion


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