Twitter news: Elon Musk takes control of platform, fires CEO Parag Agrawal and CFO Ned Segal, sources say


SAN FRANCISCO — Elon Musk has officially bought Twitter and is now in charge of the company, according to sources.

Musk fired CEO Parag Agrawal, CFO Ned Segal and another executives, according to two people familiar with the decision, CNN reports.

For months, his plans to acquire the social media giant touched off a firestorm of activity online. Some employees have headed for the door.

There’s been a lot of drama surrounding Elon Musk’s Twitter takeover.

On Wednesday, Musk carried a kitchen sink to Twitter headquarters.

All the buzz about Elon Musk buying Twitter has a lot of people asking on Twitter, “Who’s leaving?”

New numbers now out show nationwide, 580 people have left the company in the past quarter.

“What we are seeing is a massive surge in departures from Twitter,” said Greg Larkin, with Punks and Pinstripes, a peer to peer mentorship network for Fortune 500 executives.

In the Bay Area, Twitter lost 280 employees in the past three months.

Larkin and his colleagues with Punks and Pinstripes crunched the data they gathered from all LinkedIn accounts online.

MORE: Musk doesn’t seek a “free-for-all hellscape” for Twitter

“We basically analyzed everyone who has a LinkedIn profile who works at Twitter, and we asked ourselves, ‘how many people have left each quarter since the beginning of 2022?'” said Larkin.

That number skyrocketed since the beginning of the year. Larkin says the real numbers are most likely two to three times what they’re seeing.

“These numbers are going to be an underestimate. It’s a lagging indicator. The data is going to become available when someone changes their employment status on LinkedIn. So that’s not everyone who has left,” said Larkin.

On Wednesday, Musk told Twitter employees he does not plan to cut 75% of the staff when he takes over the company.

Even so, Larkin says Twitter’s loss is a big win for other social media platforms in the Bay Area.

VIDEO: Why is Elon Musk interested in Twitter?

“So the people who are leaving for the exits, amidst the turmoil between Elon Musk and Twitter, are getting scooped up by Apple, by Google, by other large tech companies in the Bay Area,” Larkin.

When it comes unemployment, when it comes to tech talent.

“They get picked up very quickly,” said Larkin. “So I don’t think it’s going to have an impact on depressing the Bay Area economy. It doesn’t look that way from what we are seeing right now. It just means the talent wars, someone else is going to start winning that war.”

Ibrahim Oweis works in the tech industry.

“I think it’s time for a shakeup. After a pandemic like this. It would be nice to see a little disruption in the conversation. Right now it’s a little too filled with hate,” said Oweis.

“I think we got to give him a chance,” said Angelo McNeil. “He’s an interesting guy. He built an empire.”

The-CNN-Wire contributed to this report

If you’re on the ABC7 News app, click here to watch live

Copyright © 2022 KGO-TV. All Rights Reserved.





Source link

Leave a Reply

Your email address will not be published.

How Miles Teller Totally Broke Royal Protocol Meeting Prince William and Kate Middleton Mila Kunis Reveals Why She and Ashton Kutcher Don’t Close Bathroom Doors at Home With Kids Khloe Kardashian and Tristan Thompson Were Engaged for 9 Months Before Paternity Lawsuit Selena Gomez Speaks Out About Kindness After Hailey Bieber’s Tell All Interview Shane Warne’s child, Jackson, shares recordings of ‘harmful ladies despising’ powerhouse Andrew Tate: ‘I really do concur with a couple of the things he says’ Kate and William to greet Americans ‘sleeping on the streets’ amid US visit ‘He said “take your bra off”… I was 15’: Supermodel Kate Moss reveals in unflinching detail how she fled a photoshoot in tears after being targeted by fashion industry predator as a teenager How to get early access to the MultiVersus open beta – usnewspress Gunman kills 3 people in Indiana mall shooting, police say Top 10 sizzling sex secrets to Spice Up Your Sex Life Stellantis Announces Termination of Jeep Venture With China’s GAC Memphis police thwart potential mass shooting at arena: Officials 4 dead after argument between 2 groups leads to shooting at north Harris County apartment complex, sheriff says US soprano, offended by blackface, pulls out of Italy opera 10 Top Romantic Getaways in New Jersey Ricky Martin’s Attorney Says Allegations of a Sexual Relationship with His Nephew Are ‘Untrue’ 8 Best Semiconductor Stocks To Buy Amid a Global Chip Shortage : USA Le’Veon Bell Reflects on Lost Season With Steelers in Retirement Post Updates on Tiger Woods from Round 1 of The Open PETE ALONSOI’M DEALING W/ ‘PRETTY BAD PTSD’… Over March Car Crash