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.