December 4, 2022

Taylor Daily Press

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Twitter founder Jack Dorsey apologizes to employees: 'I take responsibility for this situation'

Twitter founder Jack Dorsey apologizes to employees: ‘I take responsibility for this situation’

Elon Musk and Jack Dorsey. © AFP

Jack Dorsey, co-founder and former CEO of Twitter, lamented the company’s “extremely rapid growth” in a social media post on Saturday. New owner Elon Musk announced a mass layoff on Twitter on Friday and Dorsey says he is partially responsible.

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“I take responsibility that everyone finds themselves in this situation: the company has developed very quickly. I apologize for that.”

As Dorsey says, “I realize that a lot of people are angry” with him. “People on Twitter past and present are strong and resilient. They will always find a way, no matter how hard it is now.”

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Dorsey left Twitter last year, but expressed support for the acquisition in April, when it became known that Musk wanted to buy the company. “Elon is the only solution I can trust,” it seemed at the time.

Dorsey chose to hold a stake and transferred 18 million publicly traded shares, worth about $978 million, from Twitter to X Holdings. This is the company that gave Musk, who is also the president of Tesla and SpaceX, control of the social media company.

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