Elon Musk has reinforced his authority over Twitter by dissolving the board of directors on Monday.
After months of negotiations over the $44 billion transaction, the billionaire acquired control of the social media business last week.
He has moved swiftly to leave his stamp on the service, which is used by journalists and politicians worldwide.
Also read: Elon Musk’s Twitter may lay off 25% of employees: Report
He is thinking about making adjustments to Twitter’s verification process and eliminating positions.
According to The Washington Post, the first round of layoffs is being discussed and may effect 25% of the company’s workforce.
Top managers have already been fired as Musk brings in well-known allies for the business.
Tech investor Jason Calacanis, who altered his Twitter bio to “chief meme officer,” is a member of his team. He claimed to have been “hanging out at Twitter a bit… during the transition.”
Also read: Elon Musk’s Twitter may make users pay for blue tick
He used the social media platform to ask for thoughts on a variety of subjects, including video and advertising.
In light of allegations that Twitter may charge users $20 per month to maintain the blue ticks that signify verified accounts, he also inquired about how much individuals would pay to get verified.
The Tesla CEO has updated his bio on the social media platform to “Chief Twit.”
According to a filing made on Monday with the US Securities and Exchange Commission, he is now Twitter’s only director.
Also read: Elon Musk asks followers if they want Vine to make a comeback
Former board chairman Bret Taylor and former CEO Parag Agrawal are two of the nine disqualified directors.
As Musk announces ambitions to change how Twitter has controlled the dissemination of information on its platform, especially from sources like state media, politicians, and celebrities, his takeover has received considerable attention.
Musk stated that no modifications would be made just yet and that the firm would establish a new council to oversee those selections.
