Twitter: New CEO Parag Agarwal begins restructuring the company

New CEO Parag Agarwal begins restructuring Twitter less than a week after stepping into the role. Two senior officials have already resigned as part of the restructuring plan.

New Twitter CEO Parag Agarwal has begun restructuring the company and two senior executives have already stepped down as part of the restructuring plan. 

According to a report by The Washington Post citing an internal email, Twitter chief design officer Dantley Davis, who joined the company in 2019, and head of engineering Michael Montano, who joined in 2011, have stepped down.

“Dentley’s departure focuses on shifting our organizational model around a framework in which a key manager supports the core purpose of the company,” a Twitter spokesperson said late Friday. 

“We don’t have any further details to share on these changes out of respect for the individuals involved,” the spokesperson said.

In an email, Agarwal wrote that the company had recently updated its strategy to achieve the ambitious goals, “and I believe the strategy should be bold and correct”. 

“But our key challenge is how we work against it and deliver results – that’s how we can make Twitter the best for our customers, shareholders, and each and every one of you.” 

According to Twitter, “Parag is focused on operational excellence and is positioning Twitter to achieve its goals and these changes were made with that in mind”.

Earlier this week, Twitter CEO Jack Dorsey decided to step down from the company he was deeply involved in, handing the baton to Agarwal, the current CTO.

Agarwal has been with Twitter for over a decade and has served as Chief Technology Officer since 2017.

Following his announcement of stepping down as Twitter CEO, Dorsey’s financial services company Square announced that it would be rebranding Block.