The frontman is said to be looking for a "new vision" for the group since they were signed to Cash Money Records.
Original bandmates DJ Lethal and John Otto have been warned by Durst that their partying lifestyles do not fit in with Durst's plans, reports TMZ.
DJ Lethal said: "We've worked together the last four years to bring Limp Bizkit back to where it is today, and to just be thrown out on the street after the band gets a new deal and a new chance at life isn't cool."
He added: "You can't push away the people who helped you get there. The fans should know that if two-fifths of the original band are not playing at the concerts, it wont be truthful to them."
He had previously tweeted on Friday (March 30): "So far the only news I've heard is that Fred has plans for a 'new' LIMP BIZKIT which doesn't include John Otto or I. I'm hoping for the best. From what I understand, Fred doesn't approve of our lifestyle which includes partying and fun. I don't want to cause drama. It's unfair (sic).
"I've tried to reach out and make things better. But Fred seems to have made up his mind. Bands fight and argue all the time. [I] just don't get it.
"This is not an April Fool's joke, unfortunately. I love being in LIMP; it's been my life for 15 years. A lot of good people and good times.
"I'm not going to whine about it. I just had to vent because it's pretty sad. And had to address all the fans that a going to a 1/2 BIZKIT show."
Limp Bizkit recently announced plans to record a duet with Cash Money's Lil Wayne as part of their new contract.
> Fred Durst dedicates Limp Bizkit Soundwave show to crowd crush victim
Watch the video for Limp Bizkit's 'Behind Blue Eyes' below: