twitter inc chief executive officer parag agrawal announced a hiring freeze and other costcutting efforts on thursday a reflection of the companys state of uncertainty while it awaits elon musks 44 billion takeovertwitter wont hire new employees and may rescind offers already out according to an internal memo obtained by bloomberg some exceptions will be made for businesscritical roles as determined by twitter leadership the company is also pulling back on costs such as travel consulting and marketing according to the memoagrawal said global events including the war in ukraine and the supply chain crunch have hurt twitters business results and may continue to do so the company isnt planning companywide job cuts but leaders will continue making changes to their organizations to improve efficiencies as needed agrawal wrote at the beginning of the pandemic in 2020 the decision was made to invest aggressively to deliver big growth in audience and revenue and as a company we did not hit intermediate milestones that enable confidence in these goals agrawal said in order to responsibly manage the organization as we sharpen our roadmaps and our work we need to continue to be intentional about our teams hiring and coststhe truth is that this isnt how and when i imagined leaving twitter and this wasnt my decision parag asked me t kayvon beykpour kayvz 1652372715000two of twitters top leaders are also departing kayvon beykpour head of consumer product and bruce falck in charge of revenue are both leaving the company jay sullivan will take over as head of product and interim head of revenue sullivan has talked about refocusing the company on fewer projects during recent team and companywide meetings according to a person familiar with the matterdiscover the stories of your interestblockchain5 storiescybersafety7 storiesfintech9 storiesecomm9 storiesml8 storiesedtech6 storiesbeykpour said on twitter that its not how he imagined leaving the company parag asked me to leave after letting me know that he wants to take the team in a different direction he saida twitter spokesperson didnt respond to a request for comment as musk doesnt yet own twitter he is not yet directly influencing the companys decisionmaking larger competitor meta platforms inc also recently said it will reduce planned expendituresthe changes reflect twitters current state of limbo while it awaits a new owner musk the worlds richest man and ceo of tesla inc agreed to buy the company for 44 billion last month but the deal may not be finalized for months as musk is still working to secure the financing on tuesday he suggested that the deal could still fall apart that has left twitter employees in a lurch as many dont know whether the projects or teams they are working on will be prioritized under new leadership