Home / / Senior Twitter executives to leave

Senior Twitter executives to leave

UPDATE: More Twitter executives have been confirmed to leave as part of Twitter’s shake-up plan

Senior Twitter executives to leave
Twitter is currently going through a bad patch as stock has decreased by 50%

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.

Follow us to get the most comprehensive consumer tech news delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018