Elon Musk, CEO of Twitter has announced that the social media platform will have a new CEO starting in six weeks.
“Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in 6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops.” Elon tweeted
Elon’s announcement to step down is coming seven months after he purchased the company for $44 billion, following a string of layoffs, a drop in ad revenue, and multiple controversial decisions.
Musk, who owns electric car Tesla and space exploration company SpaceX, hinted at stepping down from the company last year.