Elon Musk claims that the removal of the Twitter Director Board is ‘temporary’

Musk tweeted, “This is just temporary,” in response to a post by Tesmanian.com journalist Eva Fox.

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Elon Musk, who last week disbanded Twitter’s board of directors and on Monday assumed sole control of the company, described the action as “temporary.” Musk tweeted, “This is just temporary,” in response to a post by Tesmanian.com journalist Eva Fox.

All former members of Twitter’s board, including former CEO Parag Agrawal and former chairman Bret Taylor, are no longer directors, according to the securities filing, “in accordance with the terms of the merger agreement.”

After finalising his $44 billion deal to purchase the microblogging platform last week, Musk fired CEO Agrawal, General Counsel Sean Edgett, Chief Financial Officer Ned Segal, and Legal Executive Vijaya Gadde. He had already charged them of deceiving him over the amount of phoney accounts on the network.

Musk had earlier in the day refuted a New York Times report about firing Twitter staff before November 1 to dodge stock rewards that were due on that day. These awards generally make up a sizable amount of an employee’s salary. Musk tweeted, “This is false,” in response to a question regarding the layoffs from a Twitter user.

The New York Times reported on Saturday that Musk had mandated layoffs prior to November 1, when workers were due to get stock awards as part of their remuneration. Musk reportedly ordered job cuts across the company, with certain teams to be reduced more than others.

According to a another rumour, Musk may terminate 75% of Twitter’s employees, reducing the company’s workforce from 7,500 to 2,000. Additionally, the millionaire has refuted this.

Twitter’s content moderation guidelines will be loosened, its algorithm will be made more visible, and subscription businesses will be encouraged, according to the Tesla CEO, who also promised to overhaul Twitter.