Twitter co-founder Dorsey apologizes for growing the company 'too quickly' in wake of mass layoffs

Twitter co-founder Jack Dorsey apologized Saturday for increasing the institution "too quickly," a time aft the institution laid disconnected astir fractional of its employees nether caller proprietor Elon Musk.

"Folks astatine Twitter past and contiguous are beardown and resilient. They volition ever find a mode nary substance however hard the moment," Dorsey wrote successful a tweet. "I recognize galore are aggravated with me. I ain the work for wherefore everyone is successful this situation: I grew the institution size excessively quickly. I apologize for that."

After Tesla and SpaceX CEO Musk took ownership of Twitter connected Oct. 28, the societal networking elephantine embarked connected a steep simplification successful its workforce. Twitter informed employees Thursday evening that it would statesman laying disconnected unit members, according to communications obtained by CNBC. 

The cuts affected a full of 983 employees successful California, its location state, according to 3 letters of announcement that the institution sent to determination authorities, which were obtained by CNBC.

Musk wrote successful a tweet connected Friday afternoon, "Regarding Twitter's simplification successful force, unluckily determination is nary prime erstwhile the institution is losing implicit $4M/day. Everyone exited was offered 3 months of severance, which is 50% much than legally required."

Twitter's simplification successful unit extended beyond California, and CNBC could not instantly corroborate whether Musk's statement is accurate. A nonaccomplishment of $4 cardinal per time astatine the institution would correspond an yearly nonaccomplishment astir $1.5 billion.

Dorsey co-founded Twitter successful 2006 alongside Noah Glass, Biz Stone and Evan Williams. The app's popularity exploded, and the institution went nationalist successful 2013.

Dorsey stepped down arsenic Twitter's CEO past twelvemonth and has since shifted his absorption to solely managing his payments company Block, formerly known arsenic Square. He has been an outspoken advocator of Musk's takeover, writing successful a tweet that "This is the close path... I judge it with each my heart."

The company's then-chief exertion serviceman Parag Agrawal succeeded Dorsey arsenic CEO earlier leaving arsenic portion of Musk's takeover.

—CNBC's Lora Kolodny and Jonathan Vanian contributed to this report.