Twitter CEO Parag Agarwal reshuffles executives in preparation for the takeover and releases a series of statements explaining his stance. This comes hours after the Twitter deal with Elon Musk is put on hold.
He elaborated on his position in a series of tweets on Saturday, hours after Elon Musk revealed that his acquisition of the social media behemoth will be put on pause.
Even as the firm is being owned by billionaire Elon Musk, Twitter Chief Executive Parag Agrawal announced leadership changes and a hiring freeze on Friday in order to “create a stronger Twitter.”
Parag Agrawal also shared his thoughts a day after Twitter’s CEO removed two of the company’s top executives. He stated that the agreement with Elon Musk is likely to be completed, but that this should not be used as an excuse to delay making critical decisions for the company’s health, adding that Twitter must be prepared for all situations and always do what is best for the firm.
Some have questioned why a “lame-duck” CEO would make these adjustments if Twitter is being acquired anyhow, according to Agrawal. In reaction to these remarks, the CEO stated that, while he expects the sale to close, Twitter must be prepared for any eventuality and always do what is best for the company.
“We announced changes to our leadership team and operations yesterday. Changes impacting people are always hard,” the CEO tweeted adding, “I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter.”
In another tweet, Agrawal stated that regardless of who owns the firm in the future, Twitter would improve as a product and a business for customers, partners, shareholders, and all users.