Elon Musk’s latest money-saving initiative for Twitter isn’t paying rent

It makes sense that a company would need to lay off employees to cut costs. Elon MuskThe latest strategy by , to save Twitter from bankruptcy, goes a step further and involves breaking tenancy and building laws, as evidenced by Twitter, which was recently investigated for installing “bedroom pods” in the building. But Musk’s next tactic might be something he can’t get away with.

The New York Times reported that Musk refused to pay the bills for renting the building in San Francisco and the other global offices. Along with unpaid rent, it was also reported that the recently laid-off employees would not receive their severance packages after deciding to leave the company.

Musk also urged employees not to pay “outside vendors” and the $197,725 bill for several private charter flights that Musk issued when he acquired the company.

Twitter executives were reported to be discussing the consequences of non-payment of those bills and the former employees’ severance packages. However, Musk threatened his employees with possible lawsuits if they spoke to the media about the matter, saying it would go against the company’s interests.

Since Musk took over Twitter, the new leader has embarked on several cost-saving initiatives, such as removing “microservices bloatware” and laying off almost half of its employees to save the company as it loses money. He also announced an auction on eBay to sell some of Twitter’s furniture and memorabilia that are no longer in use.

Besides all that, the paid verification system was also included in the Twitter Blue program hoping to generate more revenue from its users. Unfortunately, this led to multiple fake accounts and the EU threatening to ban the site due to the rise in misinformation.

This new cost-saving initiative of not paying the bills could land him in serious legal trouble, and it would be very surprising to see if he gets away with it.

https://wegotthiscovered.com/news/elon-musks-new-twitter-strategy-cant-pay-the-bills-just-dont/ Elon Musk’s latest money-saving initiative for Twitter isn’t paying rent

Lindsay Lowe

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