Twitter’s Former CEO Jack Dorsey Calls Company’s Mass Layoffs His Fault: “I Grew The Company Size Too Quickly”

Twitter’s Former CEO Jack Dorsey Calls Company’s Mass Layoffs His Fault: “I Grew The Company Size Too Quickly”

Twitter’s former CEO, Jack Dorsey, sends an apology to the company’s employees, calling the mass layoffs his fault.

On Saturday, Dorsey took to Twitter to apologize to employees following the massive layoff.  In a series of tweets, Dorsey took ownership of the layoffs and said he “grew the company size too quickly.”

“Folks at Twitter past and present are strong and resilient,” Dorsey tweeted. “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.”

He continued, “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.”

Elon Musk recently took over the company after purchasing it for $44 billion. He’s made a handful of changes since then.

For starters, last week Musk sent a memo to his new employees stating that there would be some cuts made to the staff. Musk added that the job terminations were “necessary to ensure the company’s success moving forward.”

Musk eventually conducted a huge layoff and terminated over half of Twitter’s 7,500 employees.

In addition, Musk has also added a fee that will allow users to purchase a blue verification badge. According to Musk, the new strategy will give Twitter a revenue stream to reward content creators. The blue check mark can be purchased for $7.99.

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