Founder Jack Dorsey Apologizes For Growing Twitter Too Quickly

Twitter founder and former CEO Jack Dorsey apologized for growing the platform too quickly as Elon Musk, the company’s new leader began laying off hundreds of workers just days after taking charge.

Dorsey apologized on Twitter: “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.”

On Thursday and Friday, Musk began cutting the workforce at Twitter significantly. Time Magazine reported that the cuts could include about 3,700 jobs which would represent around half of the current workforce. But those cuts are only the beginning of what may be Musk’s long-term plans.

According to documents obtained by the Washington Post, Musk plans to operate the company with around 2,000 employees. If those plans are true, that would represent about a 75% cut in the workforce from the roughly 7,500 employees who worked there prior to Musk taking over.

Musk wrote, “Regarding Twitter’s reduction in force, unfortunately, there is no choice when the company is losing over $4M/day. Everyone exited was offered 3 months of severance, which is 50% more than legally required.”

The massive layoffs just days away from the midterm elections have fueled some questions about whether or not Twitter had the manpower to fight against disinformation campaigns or keep the site running during high-traffic moments. Twitter has traditionally been one of the major platforms people use to follow the news during elections.

Yoel Roth, the head of safety and integrity at the company said, “With early voting underway in the US, our efforts on election integrity — including harmful misinformation that can suppress the vote and combatting state-backed information operations — remain a top priority. While we said goodbye to incredibly talented friends and colleagues yesterday, our core moderation capabilities remain in place.”

When the deal was made, Dorsey endorsed Musk’s purchase of Twitter stating, “the company was ‘owned’ by Wall Street and said that taking it private was the ‘correct’ first step.” Even with the apology, Dorsey has stood by his endorsement of Musk.