Twitter co-founder and former CEO Jack Dorsey apologized for growing the social media platform “too quickly,” after Elon Musk began firing hundreds of employees days after taking over the company.
“I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that,” Dorsey tweeted on Saturday.
The mass layoffs began on Friday, with hundreds of workers being fired, including about half of Twitter’s public policy team, according to Politico.
“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted about the layoffs on Friday. “Everyone exited was offered 3 months of severance, which is 50% more than legally required.”