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

Elon Musk, Twitter's only director, tweeted that there had been a "huge decline in sales," which led to mass layoffs at the company.
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“I own the responsibility”: Twitter Founder Jack Dorsey Breaks Silence On Mass Layoffs

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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Pratik Bhuyan

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.

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