Twitter has announced an immediate hiring freeze, cost-cutting measures and the departure of two of its senior leaders, as Elon Musk moves closer to completing his takeover of the social media company.
Twitter, which last month agreed to sell itself to Musk for $44bn, will pause most hiring and backfills effective this week, according to a spokesperson on Thursday. It is also pulling back on non-labour costs, the spokesperson said.
Kayvon Beykpour, Twitter’s consumer general manager, said in a tweet that he had been let go by chief executive Parag Agrawal. Bruce Falck, its revenue product head, is also departing the company.
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