Twitter co-founder and former CEO Jack Dorsey has said that he may have made a poor decision that led to Elon Musk’s purchased of the company amid backlash to Musk’s widespread job cuts.
This comes after Elon Musk, the world’s richest man, purchased Twitter from Jack for $44 billion and began cutting off approximately half of the company’s 7500 employees just days after taking over as CEO.
Dorsey appeared to be silent throughout these days as new owner Elon Musk fired all employees, prompting a lot of journalists and even some former employees to question why he had been so “quiet” while seeing his legacy fall apart.
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However, on Saturday, November 5, Jack Dorsey took to social media to apologize to the company’s employees after being fired, admitting that he’s the cause of the workers’ disarray.
“I realize many are angry with me,” wrote Dorsey, who co-founded Twitter in 2006 and stepped down as CEO last year.
“I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that,” he said on Twitter.
Dorsey had endorsed the takeover by Musk, calling it “the right path” in a Twitter post in April.
“Folks at Twitter past and present are strong and resilient,” Dorsey wrote Saturday. “They will always find a way no matter how difficult the moment.”
Dorsey left the Twitter board of directors earlier this spring, but remains an indirect shareholder in the company.
Musk completed his mammoth $44 billion acquisition late last week and quickly set about dissolving its board and firing its chief executive and top managers.
“I am grateful for, and love, everyone who has ever worked on Twitter,” Dorsey tweeted. “I don’t expect that to be mutual in this moment…or ever…and I understand.”
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. 💙
— jack (@jack) November 5, 2022
