Update: WSJ has now reported that Twitter's head of engineering, Alex Roetter is also departing the company. Roetter was the other individual mentioned in our article, Twitter Engineers: Losing Hope & Dumping Millions Worth Of Stock. Perhaps we had influence on these departures. Our intentions weren't for heads to roll, we just wanted to stop seeing executives rampantly selling shares.
Original GreedyPicks was first to report on Twitter's product head, Kevin Weil's massive stock liquidations over the past few months. Today a report from Re/Code confirms our suspicions of lost moral at TWTR HQ, with him and Twitter's media head, Katie Jacobs Stanton announcing they have left the company.
Who will be next to abandon ship?
In a major executive upheaval, two of Twitter’s top executives — media head Katie Jacobs Stanton and product head Kevin Weil — are departing the company, according to sources close to the situation.
Neither has immediate plans to go to another company, added sources, but are expected to. Right now, the jobs of both Weil and Stanton will be filled with interim replacements.
Both Stanton (who has worked in big media jobs at both Google and Yahoo before coming to Twitter) and Weil (who came from CoolIris in 2009) are well-regarded both inside and outside the company.
Stanton took over from Chloe Sladden in 2014, after a stint as international head; Weil was given his job in the same year, the third product head in that time frame.
Stanton has been under a lot of pressure to remake the media org, as it has tried to shift its strategy with publishers and compete with rivals like Snapchat and Facebook, which have increased their efforts there.
And Weil, in particular, had his role diminished especially after layoffs in October. His biggest product rollout of late has been Moments, the much-hyped content product that Twitter released in the fall. It’s still unclear whether that has worked.