A day after cutting close to 50% of its workforce, Twitter founder Jack Dorsey expressed his regret to the company’s staff today.

“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,” Mr Dorsey tweeted.

Elon Musk, who last week purchased Twitter, has fired the majority of the company’s top executives, the board, and about half of its 7,500 employees. Elon Musk, the richest man in the world and the company’s new owner, tweeted on Friday that the site was seeing a “huge loss in revenue” as a result of the advertiser retreat, capping a week of tumult and ambiguity over the company’s future.

Jack Dorsey officially ended his association with the social network he co-founded in 2006 by resigning from the Twitter board in May of this year. Since 2007, he has served as a director. Most recently, from mid-2015 until last year, he served as CEO of Twitter.

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