Saturday, February 4, 2023

Twitter Founder Jack Dorsey Apologises For Mass Sackings As Elon Musk Launches Blue Tick Subscription Service

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Twitter founder Jack Dorsey has apologised to the company’s employees after new owner Elon Musk made around half of the staff redundant.

The San Francisco-based company told workers by email on Thursday that they would learn on Friday if they had been laid off. About 3,250 of the company’s global workforce was let go, Yoel Roth, Twitter’s head of safety & integrity, confirmed in a tweet.

Billionaire Musk defended the layoffs, saying he had “no choice” as the firm is losing more than $4m (£3.5m) a day.

Jack Dorsey, Twitter’s former CEO who helped found the company, tweeted on Saturday: “Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment.Elon Musk

“I realise many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologise for that.”

“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, who quit as CEO in November, added.

45-year-old Dorsey had previously supported Musk’s takeover. Before leaving Twitter’s board of directors in May, he said that although he didn’t think anyone should own the platform, “Elon is the singular solution I trust”.

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Earlier, Musk said employees who lost their jobs have been offered a three month payoff.

He added that he is seeking to drastically reduce costs after completing his $44 billion (£39 billion) takeover of the platform last week.

“We need to pay the bills somehow,” he tweeted.

An internal email sent to staff on Friday said the decision to cut jobs was “unfortunately necessary to ensure the company’s success moving forward”.

Photo Credit: Getty

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