Twitter says in a regulatory filing with the Securities and Exchange Commission that it's going to be reorganizing in a bid to "drive increased accountability, speed, and operational efficiency."
The company says it's "shifting to a General Manager (GM) model for Consumer, Revenue, and Core Tech, which will be led by Kayvon Beykpour, Bruce Falck, and Nick Caldwell, respectively," who will "lead all core teams across engineering, product management, design, and research."
Twitter also says that its current Engineering and Design and Research leads, Michael Montano and Dantley Davis, will be leaving the company on Dec. 31 as a result of the reorganization. Both are expected to stay on through the first quarter of 2022 "to ensure an orderly transition."
The announcement comes less than a week after Twitter co-founder Jack Dorsey announced that he was stepping down as the social network's CEO and would be replaced by then-CTO Parag Agrawal. Dorsey also plans to step down from Twitter's board of directors in 2022.
Twitter says that "Lindsey Iannucci also joined the leadership team as Chief of Staff and Vice President of Operations to support Mr. Agrawal in strengthening operations across the leadership team, and the Company."