Twitter COO Adam Bain announced his departure today, dealing a major blow to a company whose business is already weathering serious turbulence.
Bain, a six year Twitter veteran, said in a tweet, “I let Jack know that I am ready to change gears and do something new outside the company,” adding: “I have nothing but love for this unbelievable company & product.”
Twitter last week laid off around 350 people — about 9% of its workforce — following an unsuccessful attempt to sell itself to a list of suitors that includes the likes of Disney and Salesforce. Bain's organization, which includes sales and marketing, suffered the worst of it.
Despite Twitter&039;s trouble growing its user base, Bain built a sales organization that now brings in over $2 billion a year in the face of intense competition. Once considered a top candidate for the CEO job, Bain is so admired at Twitter that employees rallied around him in 2015 using the hashtag #AdamBainIsSoNice.
Anthony Noto, Twitter&039;s chief financial officer, was appointed COO. He will serve in both positions until the company finds a new CFO.
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