Former Twitter CEO says sorry for growing the company 'too quickly'
Former Twitter chief executive officer (CEO) Jack Dorsey apologised over the weekend following the massive layoffs carried out by new CEO Elon Musk.
"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," Dorsey said on a tweet. "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."
Dorsey was one of the co-founders of Twitter, alongside Noah Glass, Biz Stone, and Evan Williams. He later stepped down in December 2021 to be replaced by Parag Agrawal, who was eventually fired when Musk purchased Twitter.
Read more: Jack Dorsey steps down as Twitter CEO
Dorsey's statement came on the heels of Musk laying off Twitter employees after he became CEO following a highly publicised $44-billion acquisition of the platform. Yoel Roth, the company's head of safety and integrity, said approximately 50% of employees were laid off.
The layoffs included high-profile executives, including two in Twitter Canada, with the least impacted team being the front-line moderation staff, according to Roth.
"Yesterday's reduction in force affected approximately 15% of our Trust & Safety organization (as opposed to approximately 50% cuts company-wide), with our front-line moderation staff experiencing the least impact," said the official.
Read more: Twitter CEO: Conservative workers 'don't feel safe' sharing opinion
Recent reports from Bloomberg News, however, revealed that the company is attempting to recall dozens of employees who lost their jobs following the layoffs.
According to report, which cited sources familiar with the situation, some of the employees laid off were by mistake, while some were cut before their work and experience were recognized as necessary for the company's future.
