This past Saturday morning, Jack Dorsey, the former CEO of Twitter, issued an apology to the employees of Twitter for growing the company far to fast, which ended up causing the current situation in which Elon Musk, as the new CEO of the company, has been forced to cut the staff of the company by almost half.
These comments from Dorsey took place after Musk officially terminated employment of 3,700 people this past Friday via an email of the social media titants worksforce of over 7,500.
“Folks at Twitter past and present are strong and resilient,” stated Dorsey. “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.”
“I am grateful for, and love, everyone who has ever worked on Twitter,” he went on. “I don’t expect that to be mutual in this moment…or ever…and I understand.”
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. ????
— jack (@jack) November 5, 2022
The statements from Dorsey just as Musk deals with enormous pressure to change the direction of the social media platform, which has not been reporting a profit for many years.
It was highlighted by the New York Times that not only does Musk need to be concerned about a rapidly slowing down economy, many advertisers, whic comprise the overwhelming source of the revenue for the company, have halted their spending across the platform as many far-left groups attempt to force companies to slash tied with the platform due to a lack of overt censorship.
The billionaire entrapanaeur, who claimed that he acquired the company for a sum of $44 billion in an effort to secure a corner of the public forum for free expression and open dialogue, sparked intense anger in the wake of the man taking over officially this past week. Musk claimed that a large number of advertisers have cut ties with the platform over the course of the past few days, inflicting some serious harm to the company.
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” explained Musk. “Extremely messed up! They’re trying to destroy free speech in America.”
Musk went on to state that he would publically call out companies that are leaving his platform.
“A thermonuclear name & shame is exactly what will happen if this continues,” he claimed in a social media post.