US-based micro-blogging platform Twitter Inc's India head Rishi Jaitly is leaving the firm after a four-year stint, amidst reports of a potential sale of the company.
Jaitly, who is at the helm of Twitter's India operations as vice president of Asia Pacific and Middle East businesses, revealed on Twitter on Tuesday that he is moving on to pursue "new opportunities."
In a series of tweets, Jaitly said he would be spending time in India and Asia to work in the technology field.
"He has created bold, strategic partnerships to enter and grow new markets for Twitter, and has successfully built up our media partnerships teams across the Asia Pacific and Middle East," said a Twitter India spokesperson in a statement sent to Techcircle.in
It is not clear what Jaitly's next move is, but according to the spokesperson, he will be working with the US-listed firm till late November.
"There will be a smooth transition as his last day is in late November after which he will move back to the US. But he will remain engaged in India, as he pursues new opportunities to harness the power of technology and scale of mass media to empower voices, particularly in emerging markets," the statement said.
There have been several media reports over the last few months of a potential sale of the San Francisco-based company, as it grapples with losses.
The company reportedly held preliminary talks with several technology firms, including Google and Salesforce, and is expected to receive a formal buyout bid soon.
In September, Twitter decided to stop global engineering work at its development centre in Bengaluru and lay off employees, citing a business review process.
A week ago, another report said Twitter is planning to cut 300 jobs globally.
Before joining Twitter, Jaitly was director of John S and James L Knight Foundation, a US- based non-profit foundation focused on promoting journalism and media innovation, among others. He was also head of public-private-partnerships at technology giant Google in India for two years.