Asana Stock Plunges as CEO Steps Down, Firm Issues Soft Outlook | Global News Avenue

Asana shares (Asan) on Tuesday in news CEO Dustin Moskovitz resigned more than 25% while the job management platform provider’s fiscal 2026 outlook was weak.

The company announced that the company’s co-founder Moskovitz has decided to CEO Being named. Asana added that Moskovitz will continue to serve as chairman of the board and plans to retain its stock.

Moscowwitz said he will provide all his help to the board and its successors, noting that by giving up the day-to-day responsibilities of running a company, he will be able to “focus on what I do best – to be a vision of the product, strategic guidance, and help browse the AI ​​environment that is reshaping our industry.” He also plans to spend more time with good adventures and open charities.

The company explained that it has introduced an executive search company to find alternatives to Moskovitz.

Former Facebook engineer Moskovitz co-founded Asana in 2008

San Francisco-based Asana was founded 17 years ago by Moskovitz and Justin Rosenstein, who both met while leading the engineering team on Facebook, which is now part of Meta Platforms (Yuan). The two came up with the idea of ​​creating a technology that would make it easier for employees to coordinate their work.

The company, with Moskovitz News, reported that it expects revenues of $782 million to $790 million in fiscal 2026, while analysts surveyed by Alpha are $803.6 million.

Asana shares fell 28% after Tuesday’s opening, losing 36% of its value in the past year.