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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
TechLeadership

‘This isn’t how I imagined leaving’: Twitter boss Parag Agrawal fires top executive on paternity leave as Musk takeover looms

By
Chloe Taylor
Chloe Taylor
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By
Chloe Taylor
Chloe Taylor
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May 13, 2022, 5:35 AM ET
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Twitter is shaking up its executive team and implementing a hiring freeze ahead of Elon Musk’s $44 billion takeover, with departing executives venting their disappointment on the social platform.

The company confirmed on Friday that Kayvon Beykpour, head of product, and Bruce Falck, who oversaw revenue, are leaving.

Jay Sullivan, Twitter’s head of consumer product, will serve as interim leader of both departments.

Beykpour said in a Twitter thread on Thursday that he had been axed by CEO Parag Agrawal during his paternity leave, adding that he was “disappointed” with the decision.

Interrupting my paternity leave to share some final @twitter-related news: I’m leaving the company after over 7 years.

— Kayvon Beykpour (@kayvz) May 12, 2022

“The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision,” Beykpour said.

“Parag asked me to leave after letting me know that he wants to take the team in a different direction.”

Falck—whose Twitter bio now describes him as “unemployed”—wrote a thread on Thursday dedicated to his coworkers at the company.

He added, “I’ll clarify that I too was fired by” Agrawal. Falck later deleted the tweet. 

Kayvon Beykpour is seen speaking to a reporter (who is off-screen) during an interview with Bloomberg. Beykpour's phone and a cup of coffee lay on the table in front of him.
Kayvon Beykpour, pictured in January 2016, has said his departure from Twitter was not his decision.
David Paul Morris/Bloomberg — Getty Images

Twitter has been in a state of uncertainty since Musk announced in April that his $44 billion takeover bid for the social media platform had been accepted.

Musk is still working to secure financing for his mammoth acquisition of the company, and many investors are apprehensive about whether or not the deal will really go through.

A Twitter spokesperson told Fortune on Friday that effective this week, the company was “pausing most hiring and backfills, with the exception of business-critical roles.”

“We are pulling back on non-labor costs to ensure we are being responsible and efficient,” they added.

The reaction to Musk’s takeover hasn’t been overwhelmingly positive among Twitter’s existing workforce, with reports of angry messages between colleagues, crying in meetings, and warnings of a mass employee exodus.

But while there may not be much enthusiasm about a Musk-run Twitter among current employees, job interest in the company surged by 250% in the weeks following the announcement of his takeover.

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