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Twitter CEO Parag Agrawal says ‘expect more change’ hours after firing top executives

Twitter CEO Parag Agrawal on Saturday defended his decision to fire two top executives at the social media giant in a series of tweets saying tough decisions were needed.

He said the changes weren’t just the result of Elon Musk’s Twitter buyout deal and that more “for the better” changes were on the way.

“We announced changes to our leadership team and operations yesterday (May 13). Changes that impact people are always difficult. And some have asked why a ‘lame’ CEO would make these changes if we were to buy it back anyway. The answer is very simple: while I expect the deal to go through, we need to be prepared for all scenarios and always do what’s right for Twitter. I’m responsible for management and operation of Twitter, and our job is to build a stronger Twitter every day,” Agrawal tweeted.
His remarks came hours after the company fired two senior executives – Kayvon Beykpour, who was head of Twitter product, and Bruce Falck, head of revenue product.

The Twitter CEO said the company’s staff is constantly striving to improve the product for customers, partners, shareholders and all Twitter users.

“People have also asked: why manage costs now rather than after the close? Our industry is in a very difficult macroeconomic environment – right now. I will not use the deal as an excuse to avoid taking important decisions for the health of the company, nor any leader on Twitter,” reads his post.

Agarwal added that he will continue to make tough decisions in the future as it is part of his job. “So what can you expect from me in the future? I am always focused on my job, and that includes making tough decisions when needed. I will continue to embrace the deep complexities of our service and our business. And you can expect more change for the better… I will also try to bring more transparency to the work we do,” he tweeted.

The Twitter thread comes at a time when Musk announced he had put the acquisition deal on hold until it could be confirmed that only 5% of users are bots or fake accounts, like the company l asserted in the past.

Earlier, a Reuters report claimed that Musk already had a replacement for Parag Agrawal in mind. However, Agrawal is expected to earn $42 million if his contract is terminated after the deal with Musk.

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