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Musk Will Resign as Twitter CEO and Focus on Engineering

  • Twitter’s owner will step down after finding replacement
  • Billionaire says he’ll still run the software, servers teams
Bloomberg business news
WATCH: Elon Musk has confirmed he will resign as chief executive officer of Twitter Inc. when he finds a replacement. Su Keenan reports.Source: Bloomberg
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Elon Musk confirmed he will step down as chief executive officer of Twitter Inc. after finding a successor, though he plans to retain control over the company’s engineering teams.

Since taking over in October, Musk has overseen the firings or departures of roughly 5,000 of Twitter’s 7,500 employees. He’s said he plans to emphasize Twitter’s engineering as owner, and it’s hard to tell what’s left of other operations, such as legal and finance after the departures.