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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."



18 Comments

lkrupp 19 Years · 10521 comments

Tech blogs always hate the bean counters but without counting the beans businesses usually fail eventually. Hate Tim Cook if you want, go right ahead and hate him. Hate Elon Musk if you want, go right ahead and hate him.

JFC_PA 7 Years · 947 comments

With most other CEO’s I’d figure their lawyers had okayed the cut process; with Musk? Totally possible he’s violating California employment law on a whim. 

Appleish 8 Years · 717 comments

The savings from crippling the company by getting rid of its workers is a drop in the bucket compared to Elmo's losses.

I am so looking forward to this jackass selling the boondoggle for pennies on the dollar in a year or two.

22july2013 11 Years · 3736 comments

JFC_PA said:
With most other CEO’s I’d figure their lawyers had okayed the cut process; with Musk? Totally possible he’s violating California employment law on a whim. 

I googled California's employment laws to see what you might be referring to. All I could find that seemed relevant was this:

Final Pay
An employer must pay final wages immediately to an employee who is terminated and upon resignation to an employee who provides at least 72 hours' notice of the intent to resign. If an employee provides fewer than 72 hours' notice of the intent to resign, then an employer may generally mail final wages within 72 hours.
California law does not permit "use it or lose it" vacation policies. Vacation accruals may be capped, but may not be forfeited. Therefore, unused, accrued vacation must be paid out at the end of employment.
Wages owed to a deceased employee must be paid to the surviving spouse or conservator of the estate. Probate of the will need not have occurred before payment is made. The employer must pay up to $15,000 net for wages due for personal services and unused vacation time. The party requesting payment must present to the employer reasonable proof of identity and an affidavit or a declaration under penalty of perjury making certain statements of fact.
References
California law affords a qualified privilege to an employer who communicates about a former employee's job performance or qualifications to a prospective employer. The communication must be made in good faith.
Mass Layoff Notifications
The California Worker Adjustment and Retraining Notification Act (Cal-WARN Act) provides employees and their families time to prepare for a prospective job loss by requiring an employer to provide advance notice of a plant closing or mass layoff. While the state law is modeled after the federal Worker Adjustment and Retraining Notification Act (WARN Act), there are areas in which they differ, such as the definition of covered employer.
Be aware that where there is overlap between federal, state and/or local law, complying with the law that offers the greatest rights or benefits to the employee will generally apply.

Of course, Twitter has employees in other US states, and your point probably applies only to the employees in California.

netrox 12 Years · 1510 comments

I read the email sent to CA employees and they did say they will pay them until Feb as per the law in CA.