A day after Twitter‘s new boss Elon Musk laid off roughly half of its workforce, co-founder and former CEO Jack Dorsey apologized to the company’s employees today (Nov. 5th, 2022).

Dorsey wrote, “Folks at Twitter past and present are strong and resilient. 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.”

He also thanked everyone who has ever worked for the company and stated, “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.”

Meanwhile, Twitter’s new owner, Elon Musk, defended his decision to lay off employees on Saturday, claiming that the microblogging site was losing more than $4 million per day.

In a tweet, Musk wrote, “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day. Everyone exited was offered 3 months of severance, which is 50% more than legally required.”

Musk continued: “Again, to be crystal clear, Twitter’s strong commitment to content moderation remains absolutely unchanged. In fact, we have actually seen hateful speech at times this week decline below our prior norms, contrary to what you may read in the press.”

Musk had previously indicated that he would make job cuts at Twitter, telling employees at a town hall meeting this summer that the social network needed “a rationalization of headcount.”

Several employees tweeted earlier on Friday that they had already lost access to their work accounts.

All of the Twitter staff in India have been let go by the company (under Musk’s era). According to reports, the layoffs affect engineering, sales and marketing, and communications teams.

Meanwhile, US President Joe Biden criticized Musk for acquiring Twitter, claiming that the microblogging platform spreads “lies across the world.”

Biden made the remarks at a fundraiser for Illinois Democratic Representatives Lauren Underwood and Sean Casten, according to Fox Business.

“Elon Musk goes out and buys an outlet that sends — that spews lies all across the world,” Biden remarked. “There are no editors anymore in America. There are no editors,” Biden told the gathering.

“How do we expect kids to be able to understand what is at stake? What is at stake? So there’s a lot going on, a lot going on. But we have an enormous opportunity, enormous opportunity,” President Biden added.