Exclusive: Instacart Cuts Staff, Curbs Hiring in Run-up to IPORead Now

Briefing

New Twitter CEO Ousts Two Executives In Leadership Reshuffle

By Sarah Krouse
· · Source: The Information

That was fast. Four days after Twitter CEO Jack Dorsey stepped down, appointing chief technology officer Parag Agrawal as his successor, the new company leader has ousted two top executives. Michael Montano, engineering lead, and Dantley Davis, design and research lead, will step down from their positions at the end of the year and remain advisors through the end of the first quarter,...

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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
By Mark Matousek and Erin Woo · Sept. 24, 2022 3:54 PM PDT
Instacart CEO Fidji Simo. Photo by Bloomberg.
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
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