Ex-Twitter owner Jack Dorsey apologises to staff post Musk's business revival

A day after the social media business cut close to 50% of its workforce as part of new owner Elon Musk's ambitious makeover plan, Twitter founder Jack Dorsey apologised to the company's staff today. He expressed sorrow over having too fast expanded the microblogging platform.

"Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment. 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," Mr Dorsey tweeted.

"I am grateful for, and love, everyone who has ever worked on Twitter. I don't expect that to be mutual in this moment...or ever…and I understand," he added.



Capping a week of tumult and ambiguity over the company's future after majority of the company's top executives, the board, and about half of its 7,500 employees have all been fired since Elon Musk bought Twitter last week. Elon Musk, the richest man in the world and the company's new owner, tweeted on Friday that the site was seeing a "huge loss in revenue" as a result of the advertiser retreat.

Jack Dorsey ended his formal affiliation with the social network he co-founded in 2006 when he resigned from the Twitter board in May of this year. Since 2007, he has served as a director. Most recently, from mid-2015 until last year, he served as CEO of Twitter.

After rolling over over 18 million Twitter shares into Elon Musk's X Holdings I, Mr. Dorsey is still an indirect shareholder in the business. He has supported Musk's acquisition, saying in April when the deal was first announced that the company was “owned” by Wall Street and said that taking it private was the “correct” first step.

He is now promoting his brand-new social media platform, called "Bluesky." In order to aid in the creation of a comparable decentralised concept for the dominant social media platform, Twitter established Bluesky in 2019.