Behind The Shocking Resignations of Four Key Vice Presidents!
Four key executives at the social media giant Twitter have announced they are leaving the company as the platform continues to struggle with a profitable business model. Twitter’s Head of Product Kevin Weil and Head of Media Katie Jacobs Stanton are to leave the company in the coming weeks, as is Alex Roetter, who is Twitter‘s Head of Engineering. Skip Schipper, a major VP in Human Resources, is also departing.
The news was confirmed in a tweet by CEO Jack Dorsey on Sunday, who said the foursome could now have some “well-deserved time off.”
Mr. Dorsey, who co-founded Twitter, said when he returned to the company last month that he would make sweeping changes. The first was to lay-off 8% of the company’s workforce and it now seems changes are being made among top executives. Also leaving is Jason Toff, Head of Vine, Twitter‘s mini-video service. He tweeted that he was to join Google to work on virtual reality.
The most vocal of those leaving has been Ms. Stanton, who blogged, “While I’ve poured my heart and soul into Twitter … I decided to resign because it’s time for me to pour more of my energy into my family … The world needs Twitter and while I will turn in my badge in a few weeks, I will keep rooting (and tweeting!) for Twitter’s continued success.”
Technology news site Recode reported Twitter will soon bring a “well-known media personality” to its board of executives, speculating that American Express’s Leslie Berland has been lined up for the role.
Twitter’s challenge since being listed on the stock market in November 2013 has been to satisfy investors that the 140-character network can sustain growth. To date, it’s largely failed, while newcomers like Snapchat and Instagram have not only captured a younger demographic, but also become sophisticated and lucrative media platforms in their own right.
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