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Major changes in a well-known social platform: Entrepreneur takes sole control of the board, with a 25% layoff affecting multiple departments.
Recently, there have been reports that a famous entrepreneur will take full control of the management of a well-known social media platform. It is said that the entrepreneur has decided to dissolve the existing board of directors and become the sole director of the company. In response to this rumor, the entrepreneur himself issued a clarification statement, stating that he is only temporarily holding this position and will form a completely new board of directors in the future. He emphasized that the new board members will be chosen from those he believes can better represent the company's interests and promote its development.
Meanwhile, media reports have indicated that a well-known lawyer closely associated with the entrepreneur is managing multiple teams of the platform. It is reported that this lawyer organized a meeting with the remaining executives over the weekend to discuss in-depth topics such as content review, spam handling methods, and layoff plans. It is said that the scale of layoffs could reach 25%, affecting nearly all departments. It is expected that in the coming days, departments such as sales, product, engineering, legal, trust, and safety will be significantly impacted.
This series of actions indicates that the social media platform is undergoing significant changes in its management and organizational structure. The new leadership team appears to be taking swift action to implement their development strategies and operational plans. These changes will undoubtedly have a profound impact on the future development of the platform, and the industry is closely monitoring the further developments.