Parag Agrawal explains why a 'lame-duck' CEO will keep changing Twitter

Breaking his silence a defiant Twitter CEO Parag Agrawal has explained why a lameduck CEO has made key changes at the microblogging platform amid the 44 billion takeover by the Tesla CEOStressing that no one at Twitter is working just to keep the lights on he said that a lot has happened over the past several weeksIve been focused on the company and havent said much publicly during this time but I will now he said in a tweet threadAgrawal has fired consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck to take the team in a different directionChanges impacting people are always hard And some have been asking why a lameduck CEO would make these changes if were getting acquired anyway The short answer is very simple We take pride in our work he addedRegardless of the companys future ownership were here improving Twitter as a product and business for customers partners shareholders and all of you Agrawal addedOn the 44 billion Musk deal he said While I expect the deal to close we need to be prepared for all scenarios and always do whats right for Twitter Im accountable for leading and operating Twitter and our job is to build a stronger Twitter every dayOn hiring freeze and other costcutting measures he announced Agrawal said Our industry is in a very challenging macro environment right now I wont use the deal as an excuse to avoid making important decisions for the health of the company nor will any leader at TwitterAgrawal has said that effective this week Twitter is pausing most hiring and backfills except for business critical rolesWhat can you expect from me going forward Im still focused on doing the job and that includes making hard decisions as needed I will continue to embrace the deep complexities of our service and our business And you can expect more change for the better the Indianorigin CEO explainedMusk has put the 44 billion Twitter deal temporarily on hold as he wants to know how many Twitter accounts are spam or fake before he invests a huge sum of moneyThe microblogging platform revealed in a filing earlier this week that false or spam accounts represented fewer than 5 per cent of its monetisable daily active users mDAUs during the first quarter Q1This story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever