Four executives at Twitter have suddenly quit the company. The news was announced by Jack Dorsey, one of the co-founders of the social network and current CEO.
Dorsey addressed the departures, fittingly in a tweet, saying head of engineering Alex Roetter, head of HR Skip Schipper, head of media Katie Stanton and product head Kevin Weil were all taking some “well-deserved time off”.
“All four will be taking some well-deserved time off. I’m personally grateful to each of them for everything they’ve contributed to Twitter and our purpose in the world. They are phenomenal people!”
Was really hoping to talk to Twitter employees about this later this week, but want to set the record straight now: pic.twitter.com/PcpRyTzOlW
— Jack (@jack) January 25, 2016
Roetter, Stanton and Weil had all been with the company for more than five years. Stanton has penned a piece for Medium on her decision to quit. Read it here.
Twitter’s stocks have continued to fall over the past year, according to the American Stock Exchange NASDAQ. The exchange currently puts its shares trading at $US17.01, whereas in the middle of April 2015 it was up to $US52.
The ABC is reporting investors are worried about the downturn, with concerns of the future growth of the social platform. Analysts also predicted the current company issues could make it susceptible for Google or Facebook to take over the company.
Rumours swirled last week News Corp could take over the fluttering bird, however these were denied.
B&T has contacted Twitter Australia for further comment on how the Australian market is going.