Several Twitter executives are leaving as the company’ turmoil only increases:
Three senior executives at the company, including two vice presidents, left Twitter this week. Last week, CEO Parag Agrawal announced in an email to employees that two top-level company leaders in the consumer product and revenue departments were departing. Both employees later said on their Twitter accounts that they had been fired. Twitter shares are down about 18% in the past five days when the executive departures came to light… Twitter is also cutting costs for its marketing department, contractors and consultants, travel and events, and its real estate expenses, among “other operational costs,” Agrawal wrote.
As times grow tighter, companies which easily survived when resources were freely floating around and nobody looked too closely at where their money was lowing or what exactly it was doing, will begin to falter under the careful scrutiny produced by tighter and tighter finances.
The dopamine intensive sector of social media was always destined for a bloodbath the moment energy prices were put on a path to rising.