Ex says he wants to keep things the same just without "boyfriend/girlfriend" titles?

He broke up but wants to keep things "exactly the same" just without the boyfriend and girlfriend title commitment. Says just general life stuff, moving out of parents house, finding a higher paying job, not ready for relationship yet (23M). I also think due to his anxiety and IBS-D and first REAL relationship caused anxiety made his IBS-D worse. At first he refused to cancel dates no matter how bad his IBS-D was then he faded off. Used to text me first and start conversations and respond immediately, also faded off. Then broke up after 5 months and says he wants things to be the same just without being boyfriend and girlfriend, hopes we can still stay friends, and wants to continue to "hang out" still if that's okay with me. Hasn't been the one to text me first for a few weeks other than when I was feeling crappy and was completely off of social media for 4 days, he asked, "doing okay?". Says he still likes me, just without the commitment part. Friends or possible rebound later on? (P. S. he just made a big risk and override the system as a manager for me without GM approval.)

Updates
+1 y
He's shown in all other aspects to be honest and an open book even about dabbling in illegal substances, sexual experience, embarrassing things like being completely pantsed commando style by his brother or stating the age he first looked up porn. I told him I am not offended if he tells me why he decided to break things off whether due to incompatibility or etc. He said no just not fully ready for commitment. We are both thinking types and not easily offended.
Updates
+1 y
Me: "Just without a title?"
Him: "Yeah that's pretty much it."
Me: "You can tell the truth if you feel like we just weren't compatible or whatever reason, I'd rather hear the complete truth upfront."
Him: "Just general life stuff. At the moment I have a lot going on and just not searching for a girlfriend at the moment if that makes sense? I'm trying to figure stuff out to make sure I am ready for one. I don't want nothing really to change in life with you or at work just not 100% ready.."
Ex says he wants to keep things the same just without "boyfriend/girlfriend" titles?
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