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.
A lot has happened in the past few weeks. I’ve been focused on the business and haven’t said much publicly during this time, but I will now.
— Parag Agrawal (@paraga) May 13, 2022
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.
No one on Twitter just works to keep the lights on. We are proud of our work. Regardless of future business ownership, we’re making Twitter better as a product and a business for customers, partners, shareholders, and all of you.
— Parag Agrawal (@paraga) May 13, 2022
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.
cnbctv18-forexlive-benzinga -Sp