Main highlights:
- Jack Dorsey, Twitter’s co-founder, and CEO quit earlier this week. He promptly appointed CTO Parag Agrawal as CEO.
- According to an internal email obtained by The Washington Post, Agrawal, who joined Twitter in 2011 as an engineer, has already proposed a significant reorganization.
- According to a Twitter spokeswoman, Dantley’s departure is exclusively to rearrange the firm’s organizational design around a single lead manager supporting a fundamental corporate objective.
- Twitter is developing a General Manager model for its product and technology teams, with one employee overseeing work that contributes to its main objectives. As a result, they can operate more cross-functionally and make more informed and timely judgments.
Jack Dorsey, co-founder, and CEO of Twitter resigned from his position earlier this week. He immediately named CTO Parag Agrawal as CEO. According to an internal email acquired by The Washington Post, Agrawal, who joined Twitter as an engineer in 2011, has already announced a significant restructure of the firm today. Additionally, Twitter verified the story to TechCrunch.
Two executives have already stepped down as part of this restructuring: Dantley Davis, Twitter’s Chief Design Officer, who joined the business in 2019, and Michael Montano, Twitter’s Head of Engineering, who started the firm in 2011.
In August, the New York Occasions reported on Davis’s “tough love” workplace approach, which corporate managers admitted went too far at times. This behavior was inconsistent with Twitter’s #LoveWhereYouWork and #OneTeam slogans, which emphasize the need to cultivate a friendly, respectful, and generally calm work environment.
According to a Twitter spokeswoman, Dantley’s departure is solely focused on reorganizing the firm’s organizational architecture around a structure with a single lead manager supporting a core company aim. They cannot provide any information on these adjustments without respect for the individuals affected.
According to the Twitter spokesman, Parag is focused on operational excellence and positioning Twitter to achieve its goals; these changes were made in light of that. They’re implementing a General Manager model for their teams operating within the product and technology groups, with one individual leading work supporting their core company objectives. This enables them to serve more cross-functionally and make better informed timely decisions.
Dorsey was attacked and sued earlier this year by a shareholder for his dual CEO duties at Twitter and Square, the fintech behemoth he also co-founded. Twitter has historically been sluggish to develop, but the site has released new features at a breakneck speed for most of this year, including its subscription Twitter Blue service, Spaces audio rooms, Super Follows, Ticketed Spaces, and cryptocurrency services. Agrawal has stated an interest in maintaining a high level of activity on Twitter.
Agrawal stated in an email to colleagues on Monday, which he later tweeted, that they just modified their plan to achieve ambitious targets. He believes the strategy is both daring and appropriate. However, their main difficulty is how they will execute it and provide results; they will improve Twitter for consumers, shareholders, and each of you.
It’s been a week of tremendous change for both firms Dorsey co-founded. Days after announcing his resignation as Twitter CEO, Square announced its rebranding as Block.
Twitter’s new CEO: Parag Agrawal
Parag Agrawal, the new CEO of Twitter, is 37 years old, making him the youngest CEO of an S&P 500 firm, only slightly younger than Mark Zuckerberg, the CEO of Meta Platform Inc. Agrawal, a 2005 alumnus of the Indian Institute of Technology-Bombay, took over as CEO from Twitter co-founder Jack Dorsey, who resigned from the position.
During his tenure as CTO, one of Agrawal’s most significant undertakings has been directing the company’s decentralized Bluesky platform, which was launched in December 2019. Bluesky has been one of the more dramatic visions for Twitter’s future and a favorite project of Dorsey’s. It is intended to be an open and decentralized standard for social media that Twitter might migrate to.
