Elon Musk Fires Hundreds of Twitter Employees, Its Founder Apologizes!

Former Twitter CEO Jack Dorsey apologized for the current state of social media. (photo: Twitter @jack)

JAKARTA - Twitter founder and former CEO Jack Dorsey apologized for the state of social media that has laid off thousands of workers, under the recent leadership of Elon Musk.

Dorsey made the apology via his official Twitter account, in response to the 7,500 layoffs laid off since Musk acquired the microblogging platform last week.

"The people on Twitter were and are strong and resilient. They will always find a way no matter how difficult it is right now. I know a lot of people are angry with me," Dorsey tweeted.

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.

— jack (@jack) November 5, 2022

"I have a responsibility why everyone is in this situation. I developed the company too quickly. I apologize for that."

According to documents filed with the United States (US) Securities and Exchange Commission, as of June 30, 2013, shortly before the social media company went public, Twitter had about 2.000 employees.

At the end of last year, the company reported having more than 7.500 full-time employees. However, after the acquisition of the CEO of Tesla and SpaceX, the company began a sharp reduction of its employees.

According to a CNBC International report, Monday, November 7, Twitter notified employees Thursday night last week that it would begin laying off some employees.

It is claimed 983 employees in the company's home state, California, USA have been fired. After the announcement of the dismissal, Musk gave the reason for his action because Twitter had lost.

"Regarding Twitter's power reduction, unfortunately there is no choice when the company is losing more than $4 million per day. Everyone who leaves is offered 3 months of severance pay, which is 50 percent more than legally required," Musk said. on his Twitter account.

For information, Dorsey founded Twitter in 2006 with Noah Glass, Biz Stone and Evan Williams. Dorsey held the top job twice during leadership changes and stepped down as CEO last year.

Since then, Dorsey has shifted his focus to managing his payments company Block, formerly known as Square.