A day after Elon Musk’s team let go of around half the workers, Twitter co-founder Jack Dorsey issued an apology for “expanding the company too quickly.”
“Past and existing Twitter employees are hardworking and tenacious. No matter how severe the situation, they will always find a way. I am aware that many are upset with me. I built the company too quickly, which is my fault for why everyone is in this predicament. I’m sorry about that “Tweeted Dorsey.
“I appreciate and adore everyone who has ever contributed to Twitter. I don’t anticipate that to be reciprocal right now…or ever…and I get that,” he concluded.
However, one Twitter user brought up a message from April by Dorsey in which he lauded Musk as the “single solution I trust” to lead the company.
Dorsey remarked at the time that Musk’s ambition to build a platform that was “maximally trusted and broadly inclusive is the right one” and added, “I trust his mission to extend the light of consciousness.”
According to CNBC, the social media site employed roughly 2,000 people as of June 30, 2013. By the end of the previous year, that number had increased to more than 7,500 full-time employees.
Days after Musk completed his $44 billion acquisition, Twitter informed staff members on Thursday night that it will email them regarding their employment status. He appeared to acknowledge that his team had fired half the company’s employees in a conversation at an investor presentation on Friday, CNBC reported.
The CEO of Tesla Motors said on Twitter on Friday that he had “no choice” but to fire employees since the business was losing $4 million daily. It was being done in “an effort to place Twitter on a healthy path,” the firm informed staff.
Everyone who left the company received a 3 month severance package, which is 50% more than what was legally necessary, Musk tweeted.
An immediate class action lawsuit was filed against Twitter for allegedly breaking the law, which stipulates that mass layoffs must be announced 60 days in advance under both federal and state law.
Musk announced on Saturday that, pending additional testing, the much-anticipated launch of Twitter Blue’s monthly subscription service was approaching.
Musk tweeted, “It will roll out globally as soon as we confirm it’s working well in the initial set of countries and we have the translation work done.”
