New York: Elon Musk, Twitter’s new ‘chief twit’, has fired the entire board of the microblogging platform and is now the sole director of the social media giant.
This comes hours after Musk denied a report claiming mass layoffs at the company before November 1.
Following this move by the new owner of Twitter, all previous members of Twitter’s board are no longer directors.
Earlier in the day, a report noted that Musk wants to avoid paying the stock grants to fired employees, which is why the November 1 deadline has been decided upon.
Musk revealed that he became the sole director of Twitter as a result of the takeover.
“The following persons, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou,” Musk said in the filing.
Shortly afterward, Musk tweeted that the move to dissolve the board “is just temporary,” without elaborating.
Last week, Musk’s takeover of the social media company for $44 billion concluded a months-long saga.