Senior Twitter executives to leave
UPDATE: More Twitter executives have been confirmed to leave as part of Twitter’s shake-up plan
Online social network Twitter announced a reshuffle as part of its undergoing leadership changes since co-founder Jack Dorsey returned as chief executive.
Those departing include media head Katie Jacobs Stanton, product head Kevin Weil, and head of engineering division Alex Roetter.
Furthermore, head of Twitter's video streaming service Vine, Jason Toff tweeted his decision to leave to join Google's work on virtual reality. It is also possible business development leader Jana Messerschmidit may leave. A source revealed some of the executives are departing under pressure.
Weil, Stanton and Roetter are among the highest-level departures in recent months, as well as several other executives since Dorsey stepped in as interim CEO in July and later was named as permanent CEO. He has since called for more ‘hiring and investing in talent' and the need for ‘bold rethinking'.
Twitter plans to announce its executive changes as well as recruitment of new chief marketing officer and two board members.
Since Dorsey's return, Twitter's stock has nearly fallen by 50% and is now trading below its IPO price.
Twitter had its slowest user growth last year. It now has just over 300 million users and has been eclipsed by Instagram, which passed 400 million users last year.