Latest News

Former Twitter CEO Apologises To Staff Over Layoffs, Admits He Grew Company Size Too Quickly

Former Twitter CEO Takes Responsibility For Staff Anger

Following news that Twitter has let go of hundreds of employees after Elon Musk bought the social media platform, ex-CEO Jack Dorsey tweeted to apologise to both present and former staff.

Source: Jack Dorsey on Twitter

“I realise many are angry with me,” he said, adding that the responsibility for the current situation lies with him.

Former Twitter CEO Jack Dorsey takes responsibility for current situation

Mr Dorsey, who resigned last November as CEO of the company he co-founded, had endorsed Mr Musk’s takeover in April. He is currently an indirect shareholder after also leaving the board of directors this year.

According to documents seen by CNBC, Twitter had over 7,500 full-time employees at the end of last year.

“I own the responsibility for why everyone is in this situation: I grew the company size too quickly,” he said in the tweet.

In a follow-up tweet, Mr Dorsey expressed his gratitude and love for everyone who’s ever worked on Twitter.

However, given what’s currently happening, he doesn’t expect that to be mutual.

Mass layoffs after Elon Musk takes over Twitter

Many public policy and content moderation staff were let go on Friday after Mr Musk declared his defence of “free speech” on Twitter.

However, activists have doubted his claims. CNN reported that several advertisers, including General Mills and the Volkswagen Group, have withdrawn advertising on the platform since his takeover.

As of Friday, over 4,000 people had lost their jobs, according to Politico.

 

A company email was sent before that, stating offices were locked down amidst the restructuring and that employees would receive an email update.

However, many employees found that they had been locked out of their work accounts without an email sent to them.

Have news you must share? Get in touch with us via email at news@mustsharenews.com.

Featured image adapted from Ryan Lash on Flickr.

Jonathan Yee

Jonathan is a bedroom headbanger. His Kobo is never far from him.

Recent Posts

S’pore checkpoints see massive jams before Good Friday long weekend with more than 4 hours’ wait

The queue at Tuas was four hours and 40 minutes long at 11.16pm.

29 Mar 2024, 4:48 am

HDB households will get first U-Save & S&CC rebates in April to offset utility bills

The rebates will be credited directly into the accounts of eligible residents.

28 Mar 2024, 7:16 pm

Customer finds needle in taro ball, Beans Factory S’pore suspends use of contaminated ingredient

Fortunately, the customer managed to spot the sharp object before swallowing it.

28 Mar 2024, 6:26 pm

Woman allegedly molested at Orchard club, says boss dismissed incident

Police investigations are ongoing.

28 Mar 2024, 6:02 pm

JUMBO Academy launched to nurture S’pore F&B talents, will offer internships, scholarships & upskilling courses

Some 1,000 students will benefit from a partnership with ITE over the next three years.

28 Mar 2024, 5:37 pm