Twitter freezing hiring and cutting costs as execs depart

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 this week as two executives are leaving the company, Reuters reported on Thursday.

The news comes as billionaire Elon Musk seeks to complete his $44 billion deal to buy the company and take it private.

Twitter CEO Parag Agrawal told employees in an email that head of consumer Kayvon Beykpour and revenue product lead Bruce Falck would be leaving the company, according to Reuters.

This is breaking news. Please check back for updates.