Twitter loses 12% of staff in wave of departures

An analysis by The Financial Times has found that Twitter has continuously been losing staff members since its CEO stepped down

Twitter loses 12% of staff in wave of departures
an style="line-height: 20.7999992370605px;">A Financial Times analysis has found that more than 450 employees left Twitter over the past year as the tech giant became a public company.

On Tuesday, Twitter released its first earnings statement since Dick Costolo stepped down as chief executive.

Co-founder Jack Dorsey is currently acting as interim CEO.

The Financial Times analysis of LinkedIn profiles suggested that around 12% of Twitter’s staff have departed in the last year – including senior staff in corporate development and partnerships, and executives from its recent MoPub acquisition.

According to a report by the Financial Times, the figure is unlikely to reflect the true number of departures because not every employee will have a LinkedIn profile or keep them up to date.

While the company’s board has been faced with the challenge of finding a permanent CEO, Twitter’s media partnerships team also lost its head of news and head of sports.

Less than a fortnight ago, Gabriel Stricker, Twitter’s head of communications, also left the company.

Other significant losses have included members of the corporate development team, including the head of corporate development, Rishi Garg.

Twitter’s wave of departures dates back to mid-2014, when the company lost its chief operating officer Ali Rowghani and demoted its chief financial officer.
The VP of media also departed on the same day as Rowghani.

“Great teams want to work on something people use daily, and Twitter is such a product,” Twitter said in a statement. “This, together with the impact people can have on the world through Twitter, helps us attract the best employees.”
 

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