Twitter co-founder Jack Dorsey apologized Saturday for growing the company"too quickly," a day after hundreds of employees were laid off under new owner Elon Musk.
Twitter informed employees Thursday evening that it would begin laying off staff members, according to communications obtained by CNBC.co-founder Jack Dorsey apologized Saturday for growing the company"too quickly," a day after the company laid off approximately half of its employees under new owner Elon Musk.
"Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment," Dorsey."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." As of June 30, 2013, shortly before the social media company went public, Twitter had approximately 2,000 employees, according to documents filed with the U.S. Securities and Exchange Commission. By the end of last year, the company reported more than 7,500 full-time employees.
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