Sam Altman was fired. 4 other key people quit and it seems more will follow and join Sam's new venture. This outcome would be a disaster for Microsoft, for other OpenAI investors and for OpenAI. So the board is, per multiple sources, talking with Sam Altman to return. The board declined to comment and is free to clarify any inaccuracies.
There's no need for a spin, the board has miscalculated and got itself in a bad spot.