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Twitter co-founder Jack Dorsey has apologized in a tweet for supposedly rising the corporate “too rapidly,” at some point after Elon Musk-driven layoffs lower the workforce in half.
On Friday, Twitter’s 7,500 staff found by way of electronic mail whether or not they nonetheless had a job underneath the possession of Elon Musk, or in the event that they have been a part of the estimated 3,700 individuals who will apparently be let go. Following the spherical of layoffs, one in all Twitter’s co-founders spoke concerning the occasion.
“Of us at Twitter previous and current are sturdy and resilient,” tweeted co-founder Jack Dorsey on Saturday. “They’ll at all times discover a means regardless of how troublesome the second.”
Dorsey acknowledges accusations that the corporate was bloated with staff and was shedding cash. “I notice many are offended with me. I personal the duty for why everyone seems to be on this state of affairs: I grew the corporate measurement too rapidly, I apologize for that.”
In a follow-up tweet, he continues stating “I’m grateful for, and love, everybody who has ever labored on Twitter. I do not count on that to be mutual on this second or ever and I perceive.”
Of us at Twitter previous and current are sturdy and resilient. They’ll at all times discover a means regardless of how troublesome the second. I notice many are offended with me. I personal the duty for why everyone seems to be on this state of affairs: I grew the corporate measurement too rapidly. I apologize for that.
— jack (@jack) November 5, 2022
Jack Dorsey stepped away from his position as CEO in November 2021, after his second stint within the place. He was adopted by Parag Agrawal, who was ousted rapidly after Musk took possession of the corporate.
The layoffs noticed groups gutted of staff partially or fully, with notifications despatched by way of electronic mail. Departing staff have been provided three months of severance, whereas murmors of a class-action lawsuit raised in quantity to fight the sudden firings.
In justifying the layoffs, Musk tweeted Friday that there “is not any alternative when the corporate is shedding over $4M/day.”