JackDorsey
Twitter founder Jack Dorsey apologises to employees after mass lay off
Twitter's co-founder and former CEO Jack Dorsey Saturday apologised to the employees of the company after 50 percent of the workforce was laid off as part of new-owner Elon Musk's ambitious revamp plan.
In a tweet, Dorsey said he realises that many are angry with him and he regrets expanding the microblogging site too fast.
"Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment. 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," Dorsey tweeted.
"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," he added.
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. 💙
— jack (@jack) November 5, 2022
Elon Musk, who acquired Twitter last week in a $44 billion deal after months of back and forth and court cases, has removed most top executives, the board and roughly half the company's 7,500 employees.
On Friday Musk said that the site was experiencing a "massive drop in revenue" from the advertiser retreat.
On May 28, Jack Dorsey stepped down from the microblogging site's board of directors, bringing an end to all official ties with the company he founded in 2006.
He had not sought reelection to the board in which he has been a member since 2007.
He was the CEO of Twitter from mid-2015 until his resignation last year.
Dorsey remains an indirect shareholder in the company.
He is currently testing his new social media application 'Bluesky'.
Initially founded by Twitter in 2019, Bluesky aims to help develop a similar decentralized concept for the social media giant.
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