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Jack Dorsey apologizes for Twitter's fast growth, following Musk layoffs

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Twitter co-founder Jack Dorsey has apologized in a tweet for supposedly growing the company "too quickly," one day after Elon Musk-driven layoffs cut the workforce in half.

On Friday, Twitter's 7,500 employees discovered via email whether they still had a job under the ownership of Elon Musk, or if they were part of the estimated 3,700 people who will apparently be let go. Following the round of layoffs, one of Twitter's co-founders spoke about the event.

"Folks at Twitter past and present are strong and resilient," tweeted co-founder Jack Dorsey on Saturday. "They will always find a way no matter how difficult the moment."

Dorsey acknowledges accusations that the company was bloated with employees and was losing money. "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."

In a follow-up tweet, he continues stating "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 Dorsey stepped away from his role as CEO in November 2021, after his second stint in the position. He was followed by Parag Agrawal, who was ousted quickly after Musk took ownership of the company.

The layoffs saw teams gutted of employees partially or completely, with notifications sent via email. Departing employees were offered three months of severance, while murmors of a class-action lawsuit raised in volume to combat the sudden firings.

In justifying the layoffs, Musk tweeted Friday that there "is no choice when the company is losing over $4M/day."