Twitter Inc. is laying off three additional senior executives, including two vice presidents, as the social media firm waits for Elon Musk’s $44 billion takeovers to finish.
According to internal documents obtained by Bloomberg, Ilya Brown, VP of product management, Katrina Lane, VP of Twitter Service, and Max Schmeiser, director of data science, are all departing the firm. According to the documents, all three elected to go on their own.
The departures of the executives were verified by a Twitter spokesperson.
Twitter’s product structure was shaken up less than a week ago, with Chief Executive Officer Parag Agrawal sacking two key product executives.
Twitter also enacted budget cuts and a hiring freeze last week, and while the business stated that layoffs were not planned, Agrawal wrote in an email to staff, “Leaders will continue making adjustments to their organizations to enhance efficiency as needed.”
Employees at Twitter are in limbo while the San Francisco-based firm waits for Musk, the billionaire CEO of Tesla Inc., to execute his agreement to take the social network private for $54.20 per share.
Twitter executives have faced inquiries regarding stock pay and job security at all-hands meetings during the last month. During one presentation, management attempted to excite staff by reminding them of the importance of turning up for work.
Musk’s inflammatory tweets and public statements have complicated matters.
He has chastised Twitter officials and now claims that the firm may be misrepresenting the public about how many bot and spam accounts are included in Twitter’s overall user count.
Musk has stated that the transaction is “on pause” until he receives further information.
Twitter has stated that it intends to complete the deal. After falling for seven consecutive trading days, the stock climbed 2.9 percent to $38.47 in late afternoon New York time on Tuesday. That is still substantially below the offer price, showing investor uncertainty about the deal’s success.



















