Jack Dorsey: Twitter co-founder apologizes after firings ordered by Elon Musk

The co-founder and former CEO of TwitterJack Dorsey apologized for the mass layoffs at his former company, noting that the platform’s growth happened “too fast.”

Half of the social media giant’s staff have been laid off, a week after Elon Musk bought the company for $44 billion.

The South African billionaire said he had “no choice” but to order the cuts as the company is losing more than $4 million a day.

Twitter staff have expressed their anger through the social network itself.

Dorsey, who stepped down as chief executive in November 2021 and left the board in May this year, broke his silence, saying Twitter staff “are strong and resilient.”

His employees “will always find a way, no matter how difficult the moment is.”

“I realize that many are angry with me. I am responsible for them being in this situation: I grew the size of the company too fast. I apologize for that,” she wrote in a statement.

“I am grateful and love everyone who has ever worked at Twitter. I don’t expect it to be mutual right now…or ever…and I get it,” he added.

His statement appears to support the need for layoffs at the firm. Dorsey, 45, has supported buying Musk.

Elon Musk’s Twitter profile

In April, when Musk initiated the Twitter purchase, Dorsey said the 51-year-old was the “unique solution I trust” and that his takeover was “the right path.”

“I believe it with all my might,” he emphasized.

Her project

Dorsey created Twitter in 2006 along with Evan Williams, Biz Stone, and Noah Glass. He sent the company’s first tweet, writing “just set up my username.”

Around 3,700 people have been laid off from Twitter (roughly half of its workforce), and there are fears this could hurt the company’s content moderation efforts.

Despite the layoffs, Musk has said company policies remain “unchanged.”

Major brands have suspended ad spending on Twitter in recent days, including Volkswagen, General Motors and Pfizer.

Nearly all of the company’s revenue comes from advertising, and Musk has looked for ways to cut costs and make money in a variety of ways from the platform, including plans to charge an $8 monthly subscription fee for users to get verified. on the platform.

Source: Elcomercio