Jack Dorsey apologizes for growing Twitter “too quickly”, amid mass layoffs; Twitter’s headcount grew from ~2,000 to 7,500+ between June 2013 and December 2021 (Ashley Capoot/CNBC)

Lauren Feiner / CNBC:
Court filing: in March, Jack Dorsey told Elon Musk he tried to add Musk to Twitter’s board, but felt the rest of the board was too “risk averse”  —  – Former Twitter CEO Jack Dorsey wanted Elon Musk on the board of the social media company, but felt the rest of its members were too …

Berber Jin / Wall Street Journal:
Sources: Sequoia apologized to its fund investors for the $150M it lost on FTX and told them it would improve its due diligence process on future investments  —  Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange

Jon Victor / The Information:
Source: between Q1 2019 and this fall, Alphabet’s Google Cloud, hardware unit, and YouTube have roughly doubled headcount, as the total employee count grew ~80%  —  Alphabet has doubled the headcount in its Google Cloud unit since early 2019, according to data obtained by The Information, outstripping Alphabet’s overall hiring growth.

Asa Hiken / Ad Age:
Sources: Crypto.com saw a 30%-40% reduction in headcount between June and August, with 2,000+ employees leaving the company, mostly due to layoffs  —  The cryptocurrency exchange has been dramatically downsizing its marketing deals and headcount in the wake of crypto winter  —  May 7 was a joyous day at Crypto.com.

Kali Hays / Insider:
SEC filing: Jack Dorsey has agreed to rollover his remaining 2.4% in Twitter, worth over $1B, into X Holdings, an amount Elon Musk won’t have to pay  —  – Dorsey left his second stint as CEO of Twitter last year.  — A co-founder of the platform and friend of Musk, he’s been supportive of the $44 billion takeover.

Bloomberg:
Mass tech layoffs leave hundreds of H-1B visa holders scrambling for new jobs to stay in the US; Amazon, Meta, and others sponsored 45K+ in the last three years  —  Mass tech layoffs have left hundreds of workers living in the US on temporary visas with little time to find another job, or they’ll have to leave the country.