Executive upheavel expected at Twitter, announcements on Monday: Recode
- 8 years ago
Four senior Twitter executives are leaving the media company, CEO Jack Dorsey tweeted late Sunday night, the biggest leadership changes since Dorsey returned as chief executive as he struggles to revive the company's growth.
Media head Katie Jacobs Stanton, product head Kevin Weil, the head of the engineering division, Alex Roetter, and HR head Brian "Skip" Schipper will all leave the company, he said.
Addressing what he called inaccurate press rumors, Dorsey praised the four executives and said he was sad to announce their departures.
Twitter's stock has fallen nearly 50 percent since Dorsey's return last year and is now trading below its IPO price amid concern the company has failed to significantly boost its user base despite a quicker pace of product rollouts under Dorsey.
In an earnings conference call in October, Dorsey spoke about "hiring and investing in talent" and the need for "bold rethinking."
Media head Katie Jacobs Stanton, product head Kevin Weil, the head of the engineering division, Alex Roetter, and HR head Brian "Skip" Schipper will all leave the company, he said.
Addressing what he called inaccurate press rumors, Dorsey praised the four executives and said he was sad to announce their departures.
Twitter's stock has fallen nearly 50 percent since Dorsey's return last year and is now trading below its IPO price amid concern the company has failed to significantly boost its user base despite a quicker pace of product rollouts under Dorsey.
In an earnings conference call in October, Dorsey spoke about "hiring and investing in talent" and the need for "bold rethinking."