Twitter co-founder Jack Dorsey apologizes after Elon Musk’s team begins mass layoffs days after $44 billion takeover

Twitter co-founder Jack Dorsey apologized Saturday for rising the corporate “too shortly” someday after Elon Musk’s staff laid off roughly half of the workforce.

“People at Twitter previous and current are sturdy and resilient. They’ll all the time discover a method regardless of how tough the second. I notice many are indignant with me. I personal the accountability for why everyone seems to be on this scenario: I grew the corporate dimension too shortly. I apologize for that,” Dorsey tweeted.

“I’m grateful for, and love, everybody who has ever labored on Twitter. I don’t count on that to be mutual on this second…or ever…and I perceive,” he continued.

One Twitter person, nevertheless, identified a tweet Dorsey wrote in April through which the previous CEO praised Musk because the “singular answer I belief” to take over the corporate.

“I belief his mission to increase the sunshine of consciousness,” Dorsey wrote on the time, saying that Musk’s objective of making a platform that was “maximally trusted and broadly inclusive is the suitable one.”

CNBC reported that as of June 30, 2013, the social media platform had about 2,000 staff. That quantity climbed to greater than 7,500 full-time employees by the tip of final yr.

On Thursday night, days after Musk finalized his $44 billion acquisition, Twitter advised staff it might notify staffers by e mail in regards to the standing of their employment. In an alternate at an investor convention Friday, he appeared to verify that his staff had laid off half the corporate’s workforce, CNBC reported.

In a Twitter thread Friday, the Tesla Motors CEO mentioned he had “no selection” however to put off employees as a result of the corporate was shedding $4 million a day. The corporate advised staff that it was being carried out in “an effort to put Twitter on a wholesome path.”

“Everybody exited was provided 3 months of severance, which is 50% greater than legally required,” Musk tweeted.

The firings instantly sparked a category motion lawsuit in opposition to Twitter for allegedly violating federal and state legislation that requires 60 days’ discover of mass layoffs.

On Saturday Musk tweeted the anticipated roll out of month-to-month subscription service of Twitter Blue was imminent pending additional testing.

“As quickly as we verify it’s working properly within the preliminary set of nations and now we have the interpretation work carried out, it would roll out worldwide,” Musk tweeted.