1. Twitter India head Rishi Jaitly quits after four years

Twitter India head Rishi Jaitly quits after four years

The head of Twitter India, Rishi Jaitly, has quit the microblogging portal after spending four years with the company. Jaitly posted his decision to resign through a tweet: “Today, after 4 years of user/business momentum in India & the region, I’m sharing my intention to move on to new opportunities, same mission.”

By: | Bengaluru | Published: November 2, 2016 6:12 AM

The head of Twitter India, Rishi Jaitly, has quit the microblogging portal after spending four years with the company. Jaitly posted his decision to resign through a tweet: “Today, after 4 years of user/business momentum in India & the region, I’m sharing my intention to move on to new opportunities, same mission.”

Jaitly, a former Google executive, did not spell out his future plans but only tweeted: “While a personal/civic calling takes me to Chicago, I’ll spend significant time in India/Asia, drawing on my past to further tech’s promise.”

Jaitly was responsible for Twitter’s operations across Asia Pacific and the Middle East. The company said there will be a smooth transition after Jaitly moves back to the US by the end of November.

The decision to resign comes even as the microblogging portal struggles to grow its revenue and user base. It had also announced that it would reduce its global headcount. The layoffs are expected to hit about 350 employees across sales, partnerships and marketing efforts of Twitter. According the company, this step has been taken as a measure towards profitability.

The microblogging portal has also announced its plans to discontinue the Vine app, a service which allowed people to share six-second videos.

In September of this year, Twitter had said that it would lay off some employees and halt engineering work at one of its development centres in Bengaluru.

The layoffs was expected to impact less than 20 employees at the development centre.

The employees were part of ZipDial, a Bengaluru based mobile startup bought by Twitter last year.

However, the company maintained that India remains a strategic market for Twitter and it would continue with its expansion plans.

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