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Home Sectors Tech News

Twitter co-founder, Jack Dorsey, apologises to staff fired by Elon Musk

Twitter was losing $4 million per day due to the large workforce

Samson Akintaro by Samson Akintaro
November 6, 2022
in Tech News
Square buys $50 million worth of Bitcoins, Twitter warns political figures to abstain from fake, misleading statements, Has Twitter's Jack Dorsey changed the popular narrative attached to Nigerians?, Twitter forecasts future drop in revenue after milestone record in 2019 Q4 , Twitter founder, Jack Dorsey invest N2.3 million in Nigerian startup, DevCareer , Some Verified accounts may not be able to tweet, as Twitter freezes password reset to address cyberattack, Jack Dorsey Sells First-ever Tweet for $2.9 million dollars as an NFT
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Twitter co-founder and former CEO, Jack Dorsey, has apologized to thousands of the company’s employees affected by the mass layoffs embarked upon by the new owner, Elon Musk.

Dorsey, in his first open reaction to developments at Twitter, said many of the affected staff members were angry at him because he led them into the present situation. According to him, he owns the responsibility because he “grew the company size too quickly.”

Before Elon Musk’s takeover, Twitter is said to have had an 8,000 workforce, out of which 3,700 are now being asked to leave.

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Musk, on Saturday, while justifying the mass layoffs, said Twitter was losing $4 million per day due to the large workforce.

Dorsey’s reaction to the development: Reacting to the developments at Twitter, the Twitter co-founder said:

  • “Folks at Twitter, past and present, are strong and resilient. They will always find a way, no matter how difficult the moment is. I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that.”
  • “I am grateful for, and love, everyone who has ever worked on Twitter. I don’t expect that to be mutual at this moment, or ever, and I understand,” he added in a tweet.

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Tags: Elon MuskJack DorseyTwitter
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

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Comments 1

  1. Sam Obiyor says:
    November 8, 2022 at 8:25 am

    With all these arrangements, Nigerians are being exploited by the telecommunication industry despite our advantageous population. Nigeria is well over 200 million in population with more than 100 million users across networks. Why should Nigerians be charged as much as N5.60 per text message. Also the so much claimed 11k per second call is outrageous considering our population. Though the service providers are not keeping to this.
    In view considering our population, Nigerians are not treated fairly.

    Reply

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