Jack Dorsey sorry for mass layoffs at Twitter, says grew company too quickly

Experiences earlier mentioned that a number of Twitter staff hate Dorsey for his or her present unhappy standing after the hostile takeover by Elon Musk who has fired nearly 50 per cent of the Twitter workforce.

“People at Twitter previous and current are robust and resilient. They may at all times discover a manner regardless of how tough the second. I understand many are offended with me. I personal the accountability for why everyone seems to be on this state of affairs: I grew the corporate dimension too rapidly. I apologize for that,” Dorsey posted.

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

Dorsey give up Twitter in November final yr, handing over the baton on Parag Agrawal, who’s amongst these sacked.

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Following his departure from Twitter, Dorsey modified his monetary companies firm Sq. to Block and launched Bluesky, a decentralised social networking platform.

Dorsey posted on Twitter that Bluesky intends to be “a competitor to any firm attempting to personal the underlying fundamentals for social media or the information of the individuals utilizing it”.

In 2019, Twitter based Bluesky as a technique to develop an analogous decentralised idea for the corporate.

Dorsey owns 18 million shares of Twitter that are valued at over $1 billion.