Jack Dorsey, Twitter’s co-founder and former CEO, apologised on Saturday to employees who were still employed but had been let go as a result of Elon Musk’s takeover of the microblogging site.
While the San Francisco-based social media powerhouse was in the midst of a large round of layoffs, Dorsey claimed responsibility for everyone’s current predicament and acknowledged that many people were “mad” with him. He admitted that the “business grew too quickly.”
“Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment is. I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that,” he wrote on Twitter.
He stated that he did not expect that feeling to ever be returned while expressing his gratitude and love for everyone who has ever worked for Twitter.
“I am grateful for, and love, everyone who has ever worked on Twitter. I don’t expect that to be mutual in this moment…or ever…and I understand.”
According to the New York Post, Dorsey, one of Twitter’s four co-founders, left his position as CEO one year ago this month.
Just a little over a week after his fellow billionaire Elon Musk purchased Twitter for an estimated $44 billion and began laying off half the workforce, Dorsey founded a social media company called Bluesky, a novel type of decentralised network that promises to give users and developers greater power.
According to the New York Post, Dorsey, who also founded the financial services provider Block, decided against cashing out on his $1 billion stake, or 18 million shares, in Twitter. Instead, he decided to roll it over.
On Friday, Elon Musk began letting go of Twitter workers.
According to an unsigned internal document obtained by The Verge, Twitter employees received an email informing them that layoffs would soon start. It’s anticipated that Musk would lay off about half of Twitter’s 7,500 employees. One week after Musk acquired Twitter, there was a layoff.
