Twitter CEO fires two top executives, freezes hiring

Post by fooey » Thu, May 12, 2022, 6:05 PM UTC

next_xibalba wrote: post #149

Traster wrote: post #84

So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making big strategic changes at the behest of the acquirers before the deal closes. Neither of these things seem particularly kosher moves to make. The question is how to figure out which one it is. It wo…

> So there's two options right There are far more possibilities than those two. Here's just one off the top of my head (I assign no probabilities here, just pointing out this false binary): This person is being fired as a result of some investigation or process that began prior to the acquisition process and whose results have only just been reached. There are a whole range of process driving, "my hands are tied" sce…

Post by cronix » Thu, May 12, 2022, 6:05 PM UTC

pdq wrote: post #112

Is he the one who gave final approval of the anonymous login-wall, which pops up after 2 screens of scrolling in Twitter? If so, good riddance, as that is an incredibly hostile user pattern. BTW, maybe it's purely coincidence, but after refreshing my browser cache it seems to have gone away today.

Post by robonerd » Thu, May 12, 2022, 6:06 PM UTC

shadowmatter wrote: post #146

schnebbau wrote: post #54

Earlier quoted context omitted.

Don't worry, he'll be getting a severance larger than you can ever imagine.

Yeah, but it's the rank and file employees who will now think "I'm not there to defend myself against being fired if I take maternity/paternity leave" who will suffer most. The ones who won't be getting a severance larger than you can ever imagine.

Post by kenrik » Thu, May 12, 2022, 6:06 PM UTC

altacc wrote: post #185

TameAntelope wrote: post #129

Earlier quoted context omitted.

You're discounting the very real possibility that Parag is operating as if the deal will not go through, and is making large strategic decisions in anticipation of that being the case. For Parag, I don't see it "burning his reputation" at all, considering either a) he's right and will face the tall task of helming a Twitter that continues to disappoint its investors or b) he's wrong and it won't be his problem when E…

If the deal falls through then Twitter will probably have to announce some big changes to keep its stock price from falling too much. Although this move could have been made after the deal's collapse is announced but maybe he wants to have things in place before that happens.

Post by CobrastanJorji » Thu, May 12, 2022, 6:07 PM UTC

paxys wrote: post #88

minimaxir wrote: post #2

> I’m just now learning that Parag fired Kayvon while he was on paternity leave, which is truly awful. > Parag is on his way out too. Why is he firing his product leaders during his lame-duck period? https://twitter.com/CaseyNewton/status/1524790595968901122

He is going to get a severance package larger that most of us will make in our lifetimes. There's no reason to weep for him.