A twitter spokesman confirmed Thursday that the company is suspending most recruitment and that two executives will leave the company The news came as billionaire Elon Musk sought to complete a $44 billion acquisition and privatization of the company. According to previous media reports, musk told the bank when raising funds for the deal that he would cut the remuneration of senior executives and the board of directors and promote the company to reduce other costs.
Twitter's share price is now more than $8 lower than Musk's offer, suggesting that investors may be skeptical about the completion of the deal.
A twitter spokesman confirmed that kayvon beykpour, the company's head of consumers, and Bruce Falck, the head of revenue products, would leave the company.
In a series of tweets released on Thursday, beykpour said it was not his decision to leave twitter. He said he shared the news that he would leave the company during his paternity leave.
"Parag (twitter CEO Parag Agrawal, editor's note) told me he wanted to lead the team in different directions and asked me to leave the company," he wrote.
Falck thanked the team he worked with on twitter on Thursday, but did not directly talk about his resignation.
Twitter said it would cut non labor costs, and Jay Sullivan would take over as general manager of Bluebird, the consumer team, and interim general manager of goldbird, the revenue team.