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Tesla and SpaceX CEO Elon Musk has dissolved Twitter’s entire board of directors following his buyout of the social media giant, legal documents filed with financial regulators on Monday show.
Musk reportedly plans to cull the platform’s workforce by as much as 25%, according to interviews and documents obtained by the Washington Post.
The new owner’s inner circle is now reportedly deciding who will be part of the first round of layoffs, which is expected to affect over 7,000 people from nearly all departments, including sales, product, engineers, legal, as well as trust and safety, according to a source cited by the outlet.
Although Musk has not explicitly confirmed the plans, he has previously raised concerns about there being too many people in management positions at the company.
When asked what the most “messed up thing at Twitter” was, Musk replied by tweeting that there seems to be “10 people ‘managing’ for every one person coding.”
Some have now raised concerns that the massive layoffs may lead to instability at the company and result in more harassment and trolling on the platform.
Musk, however, has stressed that his sole-directorship is temporary and reassured his Twitter followers that all moderation on Twitter would continue to function without any changes for the time being.