Twitter’s COO Adam Bain has resigned, reports New York Times. Bain’s responsibilities will be managed by the company’s CFO Anthony Noto who will also be the COO. According to the report, Twitter will be looking for a new CFO. The microblogging platform had also considered Bain for the CEO role, which ultimately Jack Dorsey, the company’s co-founder took up in October last year. Currently, it is unclear where Bain will join next.
After 6 years and a once-in-a-lifetime run, I let Jack know that I am ready to change gears and do something new outside the company.
— adam bain (@adambain) November 9, 2016
Bain had joined Twitter in September 2010 as the president of global revenue and partnerships and was in the role for over 6 years. He was appointed as the chief operating officer in September last year and was given additional responsibilities including the revenue related products teams, the media team and the HR team on an interim basis in January this year when 5 of Twitter’s senior executives left the company. Prior to joining Twitter, Bain worked with Fox Interactive Media, Fox Sports, Los Angeles Times and Cleveland.com for a collective 15.5 years.
Twitter India executive exits
In India, Parminder Singh, Twitter’s Managing Director for Southeast Asia, MENA and India, quit the company last week. Singh had joined Twitter in November 2013. In the same week, Rishi Jaitly, Twitter’s India head, quit the company. In July, Shailesh Rao, VP – Asia Pacific, Latin America & Emerging Markets at Twitter quit the company.
Layoffs at Twitter
Late last month, Twitter laid off 9% of its workforce mainly from sales, partnerships and marketing to de-prioritize certain initiatives. In September, Twitter also cut 20 jobs and shut down its Bangalore global engineering operations. The Bangalore engineering team was constituted following the company’s acquisition of ZipDial in February 2015.