Twitter CEO announces departure of 4 top executives

Twitter CEO Jack Dorsey confirmed Sunday that four of Twitter's top executives will be leaving the company.

Product chief Kevin Weil, head of engineering Alex Roetter, vice president of global media Katie Jacobs Stanton, and vice president of human resources Skip Schipper will be "taking some well-deserved time off," Dorsey said in a statement posted on Twitter. Dorsey tweeted that he was "really hoping to talk to Twitter employees about this later this week," but felt he had to set the record straight because of "inaccurate press rumors today regarding their departures."

Twitter's shares have fallen 23 percent in January, and the company is struggling to attract new users, CNN Money reports. A source told CNN Money that Roetter, Stanton, and Weil all made the decision to leave Twitter separately over the last few weeks, and another source said the company will soon announce major hires, including a new CMO and board members.

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