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After Rishi Jaitly, Twitter's MD for India and Southeast Asia Parminder Singh quits

Singh revealed his intention to help a content-based start-up in Asia after he completes his term at Twitter

IANS  |  New Delhi 

Photo: Twitter
Photo: Twitter

Barely two days after Twitter's India head resigned, Twitter's Managing Director for Southeast Asia, India, Middle East and North Africa (MENA) region on Thursday announced that he has quit the company.

"An update. After leading in Asia's most exciting markets (India/SEA/MENA) for 3 yrs, time to move on to new passions," Singh tweeted.

Following this, the micro-blogging website has appointed Maya Hari as its new Managing Director for South East Asia and India, who will be reporting to Aliza Knox, Vice President, Asia Pacific.
 

Calling "a vital force for good" and that "the world needs it", Singh revealed his intention to help a content-based start-up in Asia after he completes his term at

 


"Next steps - explore disruptive models to add value to Digital Content in Asia & step up pace to use for good!," said Singh in another tweet.

 

Singh's move comes after Twitter's India head announced on Tuesday that he has quit the company.

In a bid to realign its future goals and cut costs, recently reduced 9% of its workforce (nearly 350 people) globally.

"We have a clear plan, and we are making the necessary changes to ensure is positioned for long-term growth," CEO Jack Dorsey said in a statement earlier.

Last year, cut 300 jobs after Dorsey took over as CEO full-time.

had 3,860 employees as of June 30 this year and paid out $168 million in stock-based compensation in the second quarter.

Earlier this year, Twitter's last potential buyer decided not to make a bid to buy the micro-blogging website.

CEO told the Financial Times that he has "walked away" from making a bid to buy

Earlier, other potential buyers Google, Apple and Walt Disney also reportedly decided not to bid for the website.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, November 03 2016. 13:52 IST
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