Elon Musk To Step Down As Twitter Head

Twitter CEO Elon Musk has decided to step down from the post as he has found a new chief executive for the microblogging platform.

Without naming a person, Musk said the new CEO will take charge in six weeks. 

Taking to Twitter, Musk wrote, “Excited to announce that I've hired a new CEO for X/Twitter. She will be starting in ~6 weeks (sic)!”

“My role will transition to being exec chair & CTO, overseeing product, software & sysops (sic) he further added. 
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!

My role will transition to being exec chair & CTO, overseeing product, software & sysops.
— Elon Musk (@elonmusk) May 11, 2023
 

Musk's tentative resignation late last year followed a Twitter poll posted by Musk in which 57.5% of respondents called on him to stop leading the company.

After acquiring Twitter in October, Musk made major changes to the company and its platform. In an effort to significantly slash costs, the company has cut roughly 75% of its 7,500-person workforce, raising concerns about Twitter's capacity to maintain its platform.