The company is pausing most hiring and backfills, except for 'business critical' roles, and pulling back on other non-labor costs, a Twitter spokesperson said.
The company is pausing most hiring and backfills, except for"business critical" roles, and pulling back on other non-labor costs, Twitter spokesperson Catherine Hill said in a statement to CNN Business on Thursday. In addition, Twitter's general manager of consumer, Kayvon Beykpour, and revenue product lead, Bruce Falck, announced their departures from the company on Twitter Thursday. Hill confirmed the exits.
Read MoreThursday's announcement is likely to add to the sense of uncertainty among some within the company since Musk announced his stunning $44 billion takeover deal last month. There has been speculation that Musk's acquisition, if it's completed, could lead to layoffs or cost-cutting in certain parts of the company, as he restructures it to focus on his own goals for the platform, such as boosting its subscription business.
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