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

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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."
Read on AppleInsider

Twitter app icon
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)
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."
Read on AppleInsider
Comments
I am so looking forward to this jackass selling the boondoggle for pennies on the dollar in a year or two.
This is actually a better case than Twitter's future. Sears had physical and trademark properties. Twitter has nothing but a dubious and shrinking intellectual property. Musk knows this, and it's why he tried to back out of his takeover, which I'm guessing started as just a trolling prank by him. When he realized it woud cost him over a billion dollars to exit, he went ahead. But rather than pay off the loans he incurred, using his Tesla stock holdings as collateral, I'd guess he's just going to close it down and declare bankruptcy. A chapter 11 reorganization would seem to be out of the question, unless he's as good as the master at convincing banks that they'd be better off carrying him than foreclosing on him.
Of course, Twitter has employees in other US states, and your point probably applies only to the employees in California.
Twitter is losing $4M everyday so something has to change and Elon’s strategy will either fail completely or succeed completely.
Is the bigger challenge when things become unbalanced...?
The monetization of all things Apple has arguably been a remarkable quantifiable success, for what that may be worth, and in isolation, and at what 'cost'...
Did (or should) Apple ever try and find a replacement for and (re) balance the roles that made Apple such a design success...?
but not by me!