Twitter CEO Jack Dorsey steps down

Twitter CEO Jack Dorsey steps down

Nov 30, 2021

605 Views

0 comments

Twitter CEO Jack Dorsey announced his surprise resignation on Monday and tweeted unexpectedly "Not sure anyone has heard, but I resigned from Twitter." Dorsey's freewheeling approach has helped him become an iconic figure in Silicon Valley for the last 15 years. He was the first tech CEO to penalize former President Donald Trump after years of his boundary-pushing tweets. In 2018, he declared that Twitter was broken in fundamental ways and invited outsiders to come help with the company's "collective health". 

Dorsey has also earned a reputation as a chaotic and distant manager who vexed Wall Street and sometimes befuddled his own employees. Well ahead of the pandemic, he had sent a late-night email that everyone could work from home forever, without alerting the company's head of human resources. He also floated plans to move to Africa during the pandemic. 

He has been facing pressure to depart over the past year as investors who pushed for his ouster argued he was overcommitted because he is also CEO of payments company Square. Soon after Dorsey's resignation was reported on Monday, Twitter’s stock price soared before ending the day down slightly. Dorsey will be replaced by chief technology officer Parag Agrawal. 

Source: The Washington Post

Previous days news

Comments

    Article
    I-9 Compliance for Remote Employees - A Guide for Companies

    More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...

    All you need to know about the teaching profession

    Teaching jobs: transformative teacher roles you can undertake amidst the teacher shortage in the US ...

    What Why and How of Background Checks A Useful Guide for Staffing Agencies

    Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...

    Let's Talk about the Hustle Economy

    With the COVID-19 outbreak, it has increased manifold, owing to the rise in remote working. It’s be ...

    Show more news