Former Twitter CEO Jack Dorsey said he regrets developing the firm too quickly, as the social media network downsizes after being sold to Elon Musk.

Musk let off nearly half of his employees on Thursday and Friday, affecting almost every team at the corporation. The job losses, which are projected to affect approximately 3 700 people, have raised concerns about Twitter’s ability to maintain critical services operational, notably during the United States’ midterm elections on Tuesday.

Dorsey is still an indirect shareholder in the site, having transferred roughly 18 million Twitter shares to Elon Musk’s X Holdings I. He has endorsed Musk’s purchase, saying in April when the deal was first announced that the company was “owned” by Wall Street and that going private was the “correct” first step.

Don’t Forget To Follow Us On Facebook Instagram Twitter LinkedIn To Get The Latest Updates From Cape Town Tribune

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

Unraveling the Intricacies of Global Military Operation #STORM: Pascal Najadi’s Revelation and the Battle Against the Alleged Deep State

In an extraordinary narrative that has gripped the world at the onset…

European Rugby Officials Are ‘Optimistic’ About The Formation Of A Club World Cup.

European rugby officials refused to set a deadline for reaching an agreement…

Why Do These Health Workers Live In South Africa’s Poorest Villages?

Nomkhosi Mkhwanazi, 35, is sitting in her office at Hlabisa Hospital, which…

STOCK TAKE | Vegan Options Expand, And SA Climbs The Job Ladder

The days of deep-fried, crumbed mushrooms the consistency of an old shoe…