Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Twitter fires top managers and pauses hiring ahead of $44bn Musk takeover

Twitter fires top managers and pauses hiring ahead of $44bn Musk takeover

The social media platform's CEO could be preparing the ground for a leaner and more focused Twitter as he signals a crackdown on costs

Twitter has fired two top managers and paused hiring as part of an efficiency drive ahead of Elon Musk's planned $44bn (£36bn) takeover.

The social media platform confirmed the departures of general manager Kayvon Beykpour and head of revenue and product Bruce Falck and said it was now only planning to recruit for business critical roles.

It added: "We are pulling back on non-labour costs to ensure we are being responsible and efficient."

Both men confirmed they were given the push by Twitter's chief executive Parag Agrawal.

"Parag asked me to leave after letting me know that he wants to take the team in a different direction," Mr Beykpour tweeted, adding he was still on paternity leave from Twitter.

In a memo sent to employees and confirmed by Twitter, Mr Agrawal said the company had not hit growth and revenue milestones after the company began to invest "aggressively" to expand its user base and revenue.

Parag Agrawal is expected to be replaced -possibly by Elon Musk himself - if the takeover goes ahead .


"We need to continue to be intentional about our teams, hiring and costs," he wrote.

Mr Agrawal's own position is widely believed to be severely threatened in the event a Musk-led takeover completes.

Shares were 3% down on Thursday - taking them $10 below Elon Musk's offer price of $54 per share.

The billionaire, who is the world's richest man on paper, has been working furiously to secure additional funding for the planned deal since it was announced last month.

The aim is to reduce his reliance on Tesla stock to meet the agreed price.

High-profile investors said to be ready to provide funding of more than $7bn include Oracle's co-founder Larry Ellison while Saudi Arabia's Prince Alwaleed bin Talal is understood to be keen to roll his existing Twitter investment into Mr Musk's purchase.

Mr Musk has repeatedly stated how he wants Twitter to become a platform for free speech, to reduce its reliance on advertising and deal with the proliferation of spam-distributing bots.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
×