January 25, 2016 8:28 am
Updated: January 25, 2016 8:30 am

4 top executives leave Twitter

Jack Dorsey, CEO of Square, Chairman of Twitter and a founder of both ,holds an event in London on November 20, 2014,

AFP PHOTO / JUSTIN TALLIS
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Twitter CEO Jack Dorsey confirmed on Twitter that the social networking company lost four top executives, including its head of product development Kevin Weil and media boss Katie Stanton.

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In a tweet sent late Sunday, Dorsey confirmed Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil had “chosen to leave the company.” The tweet came following several media reports of an “executive upheaval” at the company.

“Was really hoping to talk to Twitter employees about this later this week, but want to set the record straight now,” read Dorsey’s tweet.

“Given the inaccurate press rumours today regarding their departures, I’m addressing this now: I’m sad to announce Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil have chosen to leave the company.”

Roetter was in charge of the micro blogging site’s engineering business and Schipper served as vice president of human resources.

The departures mark the biggest change in Twitter’s executive team since Dorsey was named permanent CEO in October. Weeks later, the company laid off over 300 employees as part of his effort to slash costs.

READ MORE: Twitter losses mount in 3rd-quarter as user growth continues to disappoint

Twitter has been struggling to make money and attract a new user base to its platform. The company’s stock recently plunged below its offering price, sparking rumours that the company could be purchased by another tech firm.

According to Dorsey’s tweet, Twitter COO Adam Bain will take over responsibility for the revenue-related product teams, the media team and the company’s HR teams on an interim basis.

Twitter’s CTO Adam Messinger will take over the company’s engineering, consumer product and design, research and user services teams.

© 2016 Shaw Media

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