Twitter In Midst Of Hiring Freeze As Two Executives Depart In Anticipation Of Musk Takeover

A person in a mask approaches the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. - Andrew Kelly | Reuters


Twitter is pausing most hiring and two executives are leaving the company, a spokesperson confirmed on Thursday.

The news comes as billionaire Elon Musk seeks to complete his $44 billion deal to buy the company and take it private. Musk told banks in raising money for the deal he would cut executive and board pay and push the company to lower other costs, Reuters previously reported.

But, shares of Twitter are also trading more than $8 a share below Elon’s purchase price, indicating there may be some skepticism among investors that the deal will close.

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