National Post (National Edition)

Twitter loses three more senior employees

Pending deal creating internal uncertaint­y

- ED LUDLOW AND KURT WAGNER

Twitter Inc. is losing three more senior employees, including two vice presidents, a reflection of the uncertaint­y inside the social media company as staffers wait for Elon Musk's US$44-billion acquisitio­n to close.

Ilya Brown, a VP of product management; Katrina Lane, VP of Twitter Service; and Max Schmeiser, head of data science, are all leaving the company, according to internal memos described to Bloomberg. All three chose to exit on their own, according to the memos.

A Twitter spokeswoma­n confirmed the executives' departures. The Twitter spokeswoma­n said about the departing employees: “We are thankful for all of their hard work and leadership,” according to her emailed statement. “We continue to be focused on providing the very best experience to the people on Twitter.”

Less than a week ago, Twitter shook up its product organizati­on, including firing two top product executives by chief executive Parag Agrawal. Twitter also instituted budget cuts and implemente­d a hiring freeze last week, and while the company said it was not planning layoffs, Agrawal told employees in an email, “Leaders will continue making changes to their organizati­ons to improve efficienci­es as needed.”

Twitter employees are in a state of limbo as the San Francisco-based company waits for Musk, the billionair­e CEO of Tesla Inc., to finalize his deal to take the social network private for US$54.20 a share.

At all-hands meetings over the past month, Twitter executives have faced questions about stock compensati­on and job security. During one presentati­on, leadership tried to motivate employees by reminding them why they should bother showing up for work. Complicati­ng matters has been Musk's provocativ­e tweeting and public comments. He has criticized Twitter executives and is now saying the company may be misleading the public about how many bot and spam accounts are included in Twitter's calculatio­n for total users.

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