Two Twitter executives leave after Musk agrees to buy the company.

Two of Twitter’s executives are leaving as part of a senior management reshuffle, according to an internal memo shared with employees on Thursday, as the company grapples with a takeover from Elon Musk, the most rich in the world.

Kayvon Beykpour, chief executive of Twitter, is leaving and will be replaced by Jay Sullivan, according to the memo obtained by The New York Times. Mr. Sullivan is currently acting general manager of consumer products. Bruce Falck, chief revenue officer of Twitter, is also leaving the company.

“Having the right leaders at the right time is critical,” Parag Agrawal, Twitter’s chief executive, said in the memo to staff. 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 Twitter was also suspending most new hires and cutting discretionary spending, though the company is not currently planning any layoffs. Part of that stems from the company not meeting its targets for audience and revenue growth, Agrawal wrote.

Twitter has been in turmoil since Mr. Musk struck a deal last month to buy the social media service for $44 billion. The billionaire, who also runs electric car maker Tesla and rocket company SpaceX, said he would privatize Twitter and wanted to improve the product. He publicly criticized some of Twitter’s most senior executives, particularly for the way they moderated speech on the service.

Mr. Musk, who is still awaiting financing for the purchase, is expected to close the deal for Twitter in the coming months. In a speech to investors, he said he wanted to quintuple Twitter’s revenue by 2028 and grow its users to 931 million by then, from 217 million at the end of last year.

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