Connect with us

Analysis

Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Avatar

Published

on

By Trend

Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday, in one of the biggest shake-ups at the company since billionaire Elon Musk announced he would buy it for $44 billion, Trend reports with reference to Reuters.

Agrawal also said in the memo, which was seen by Reuters, that Twitter would pause most hiring and review all existing job offers to determine whether any "should be pulled back."

He attributed the decision in part because Twitter was not able to hit user growth and revenue milestones to maintain confidence that it could reach aggressive growth targets it had set in 2020.

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

The company was targeting $7.5 billion in annual revenue and 315 million daily users by the end of 2023, but withdrew those goals in its recent earnings report.

Kayvon Beykpour, who led Twitter's consumer division, and Bruce Falck, who oversaw revenue, both tweeted on Thursday that the departures were not their decisions.

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

"I'll clarify that I too was fired by (Parag)," Falck said, though he appeared to later delete the tweet.

Falck thanked his team in a tweet thread and updated his bio to say "unemployed."

"We were able to achieve the results we did through your hard work – quarterly revenue does not lie. Google it," he said.

Jay Sullivan, who was leading the consumer unit during Beykpour's leave, will become permanent head of the division. He will also oversee the revenue team until a new leader is named, Agrawal said in the memo.

While no layoffs are planned, Agrawal said Twitter will reduce its spending on contractors, travel and marketing as well as its real estate footprint.

Follow us on Twitter @AzerNewsAz

Original Article

Continue Reading

Analysis

Some 24,674 unemployed get jobs in 2022

Avatar

Published

on

The State Employment Agency under the Labor and Social Security Ministry has provided jobs for around 24,674 unemployed and job seekers in January-April 2022, Azernews reports.

Of those involved in the active employment program, 13,736 were provided with suitable jobs, while about 4,325 people were involved in the self-employment program to start small businesses. The ministry is helping them to establish small businesses in accordance with their business plans.

The agency also involved 1,023 unemployed people in vocational training in the first four months of the year. Within the framework of cooperation with employers, these people were provided with advanced training courses in various areas and work was started to provide them with employment.

The ministry takes consistent measures to provide social support to vulnerable groups of the population, including martyrs’ families, war veterans and civilians affected by the war.

Social support measures taken by Azerbaijan’s Labor and Social Security Ministry covered more than 30,000 citizens, including members of martyrs’ families, war veterans and civilians affected by the Armenian aggression since the end of the 44-day war with Armenia in November 2020.

Follow us on Twitter @AzerNewsAz

Original Article

Continue Reading

Analysis

President of Kazakhstan to attend CSTO jubilee session

Avatar

Published

on

By Trend

President Kassym-Jomart Tokayev arrived in Moscow Sunday evening to attend a CSTO jubilee session, Kazinform has learned from the Akorda press service, Trend reports.

The session dated to 30 years of signing of the Collective Security Treaty and 20 years since the establishment of the Collective Security Treaty Organization (CSTO) is set to take place on 16 May in Moscow.

Follow us on Twitter @AzerNewsAz

Original Article

Continue Reading

Analysis

Turkish FM meets with Finnish, Swedish counterparts

Avatar

Published

on

By Trend

Foreign Minister Mevlut Cavushoglu on May 14 held a tripartite meeting with his Swedish counterpart, Ann Linde, and his Finnish counterpart, Pekka Haavisto, in Berlin amid discussions that Turkey could block their NATO membership bid, Trend reports citing Hurriyet Daily News.

“I met with my Swedish and Finnish counterparts in Berlin on the fringes of the NATO Foreign Ministers Informal Meeting,” Cavushoglu said on Twitter.

Ahead of the meeting, the minister reiterated that the countries wanting to be NATO members must avoid supporting PKK and YPG and said he would discuss this issue with his Finnish and Swedish counterparts.

Cavushoglu emphasized that Sweden and Finland clearly support the PKK/YPG, saying, “This affects the feelings of our people negatively, despite all our warnings.”

“Therefore, a country that will be an ally should not support the PKK/YPG, the terrorist organization that attacks us every day, kills our soldiers, our police and our civilians,” he added.

Follow us on Twitter @AzerNewsAz

Original Article

Continue Reading

Facebook

Trending