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Musk reshapes Twitter, disbands the board and initiates layoffs plan.
Latest news shows that after completing the acquisition of Twitter, Musk has taken a series of significant measures to restructure the company. According to relevant documents, Musk has decided to temporarily dissolve the original board of directors and currently serves as the sole director of the company. In response, Musk clarified through social media that this is just a temporary arrangement, and he plans to form a new board in the future, with more suitable talents in key positions to promote the company's development.
Meanwhile, sources have revealed that Musk's lawyer Alex Spiro is leading the work of several Twitter teams. It is reported that Spiro has had in-depth discussions with company executives on topics such as content moderation, spam handling, and layoff plans. The company plans to cut around 25% of its workforce, affecting multiple departments including sales, product, engineering, and legal, with implementation expected in the near future.
This series of changes indicates that Twitter is undergoing profound organizational restructuring following Musk's takeover. Industry insiders generally believe that these measures are aimed at improving operational efficiency, optimizing the business structure, and laying the foundation for Twitter's long-term development. However, such large-scale personnel changes have also raised market concerns about the company's short-term stability.
As the situation develops, people will closely watch Musk's next moves and the impact these changes will have on Twitter's business development and market positioning.