New Twitter CEO has already begun a 'major reorganization'
Following founder Jack Dorsey's recent departure, Twitter's new CEO Parag Agrawal is wasting no time in shaking up the company. A Washington Post report states that Agrawal announced a "major reorganization of the company" today, and it appears to include the stepping down of Michael Montano and Dantley Davis, who were the heads of engineering and design respectively.
Twitter confirmed the reorganization to Engadget, and we will update this post with more details when we get them. In the meantime, Davis tweeted earlier today a picture from a team offsite, saying "It was the highlight of the past two years at Twitter for me. Thank you to everyone who made this special. It has meant more than words can describe."
The Washington Post reported that a companywide email it obtained said Montano and Davis will be leaving by the end of the year (basically this month). It also indicated that the "reshuffling appears to primarily affect the company’s consumer, revenue, and core tech divisions, which will be helmed by Kayvon Beykpour, Bruce Falck, and Nick Caldwell, respectively."
This appears to reflect the sentiment in a series of tweets by Twitter's Investor Relations account during the Bank of America Securities 2021 Leveraged Finance Conference yesterday. Specifically, the team said "We can move faster and execute better. We'll focus on the same goals, same metrics, and same work. But we believe Parag can help us make decisions faster, and be more clear about where decision-making sits."
We think we have the right strategy in place and Parag will build on top of the really strong foundation that Jack built to but allow us to move faster and execute even better. $TWTR
— Twitter Investor Relations (@TwitterIR) December 2, 2021
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