- The restructuring was part of the terms of agreement in which the billionaire Musk bought Twitter and took over last week.
- The dissolving of the board was reportedly confirmed by the Securities and Exchange Commission.
- In complete the purchase of Twitter last week, Musk also has fired CEO Parag Agrawal, CFO Ned Segal and others.
- Musk also reportedly plans to run the platform with roughly one-quarter of its previous workforce, dropping the total number of employees from about 7,500 to 2,000.
