“I own the responsibility”: Twitter Founder Jack Dorsey Breaks Silence On Mass Layoffs

Pratik Bhuyan
November 5, 2022 Updated September 5, 2025
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Breaking: Jack Dorsey Alleges Indian Govt Threatened To Shut Down Twitter, Raid Employees

After Elon Musk confirmed the layoffs were to save operating costs, many fired employees started to tweet about their journey at Twitter & their emotional state. The massive layoffs were reported on Twitter’s official website, where a large number of staff members appeared to unite behind the #OneTeam hashtag, a blue heart, and salute emojis.

On Saturday, Twitter founder Jack Dorsey spoke out about the changes Elon Musk, the new CEO of the micro-blogging site, had brought to the company. On an emotional note, Jack said:

“I grew the company size too quickly. I apologize for that.”

He further went on to say that he was grateful to all those who helped build Twitter and made it to what it is today. And that he understood if the feeling was not mutual at the moment.

In an official note, Twitter Inc. told their sacked employees, “Today is your last working day at the company, however, you will remain employed by Twitter and will receive compensation and benefits through your separation date of 2 February 2023. During this time, you will be on a Non-working notice period and your access to Twitter systems will be deactivated”.

Over the years, influencers, decision-makers, journalists, and other thought leaders have grown to rely on Twitter, a very tiny but strong platform that has essentially evolved into a digital public square.

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.