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."
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.
— jack (@jack) November 5, 2022
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
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.
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.
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.
I read the email sent to CA employees and they did say they will pay them until Feb as per the law in CA.