After Elon Musk let off over half of Twitter’s workers, the former CEO apologises for expanding the business “too rapidly.”
Twitter co-founder and former CEO Jack Dorsey replied to Elon Musk’s mass layoffs by claiming he bears “the blame for why everyone is in this predicament” and that he built the firm “too rapidly.” Musk cut off over half of Twitter’s workers on Friday, impacting employees across all divisions.
“Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment,” Dorsey writes. “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.”
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
Dorsey has been the CEO of Twitter twice. After being fired in 2007, he returned as Twitter’s CEO in 2015, eventually stepping down in November of last year. He delegated his duties to Twitter’s previous CTO, Parag Agrawal, and was eager to support Musk’s takeover of the network.
“Elon is the singular solution I trust,” Dorsey stated on Twitter in April.“I trust his mission to extend the light of consciousness.” This view was stated in private text texts published as part of Twitter’s lawsuit against Musk. Dorsey added in a message to Tesla and SpaceX CEO Elon Musk, “I won’t let this [the acquisition] fail and will do whatever it takes. It’s too critical to humanity.”According to a Securities and Exchange Commission filing, Dorsey kept a 2.4 percent share in Twitter when Musk took over control.
