According to an internal memo shared with employees on Thursday, two of Twitter’s executives are leaving the company as part of a top-executive restructuring while the company grapples with a takeover Elon Muskthe richest man in the world.

Kayvon Beykpour, Twitter’s general manager, is leaving the company and will be replaced by Jay Sullivan, according to the memo obtained by the New York Times. Mr. Sullivan is currently interim general manager of the consumer products division. Bruce Falck, Twitter’s general manager for revenue, is also leaving the company.

“It’s critical to have the right leaders at the right time,” Twitter chief executive Parag Agrawal said in the memo to employees. Mr. Sullivan’s “product vision, ability to inspire, act quickly and drive change is what Twitter needs now and in the future.”

The memo said that Twitter is also pausing most new hires and withdrawing discretionary spending, although the company has no plans for layoffs at this time. Part of that stems from the company not meeting its audience and revenue growth goals, Mr. Agrawal wrote.

Twitter has been in an uproar since Mr. Musk struck a deal last month Buy the social media service for $44 billion. The billionaire, who also runs electric car maker Tesla and rocket company SpaceX, has said he is taking Twitter private and wants to improve the product. He has criticized some of Twitter’s top executives publicly, particularly for the way they moderated speech on the service.

Mr. Musk, who is still raising financing for the purchase, is expected to finalize the deal for Twitter in the coming months. In a pitch for investorsHe said he aims to quintuple Twitter’s revenue by 2028, taking its users to 931 million by then, up from 217 million at the end of last year.



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