Twitter co-founder and former CEO Jack Dorsey has spoken out about the mass layoffs at his former firm, apologizing for growing Twitter “too quickly.”
Half of the social media giant’s staff are being laid off, a week after Elon Musk bought it in a $44 billion deal.
Billionaire Musk has said he had no choice but to cut the company’s workforce as the firm is losing more than $4 million a day.
Twitter staff have expressed their anger at the firings.
In a statement, Dorsey — who stepped down as CEO in November and left the board in May — said Twitter’s staff “is strong and resilient. They will always find a way, no matter how difficult the moment is. I understand that many are angry with me. I take responsibility for why everyone is in this situation: I increased the size of the company too quickly. I apologize for that.”
“I am grateful and love everyone who has ever worked on Twitter. I don’t expect it to be mutual at this point…or ever…and I understand that,” he added.
His statement appeared to endorse the need for layoffs at the firm. Dorsey, 45, has been supportive of Musk’s acquisition of Twitter.
In April, when Musk first opened up about buying Twitter, Dorsey said the 51-year-old was the “unique solution that I believe in” and that buying from Musk was “the right path…I believe in it wholeheartedly.”
Dorsey founded Twitter in 2006 along with Evan Williams, Biz Stone and Noah Glass.
The cuts hit Twitter’s 7,500-person workforce.
