Singapore (Commonwealth Union)_ Twitter has changed dramatically since Elon Musk’s acquisition. The microblogging firm experienced mass resignations, harsh layoffs, protests, and more within the past six months. Musk’s attempts to help Twitter survive future leaner times have not been warmly received by its staff, who are compelled to use filthy restrooms and carry their own tissues to the workplace in the name of cost reduction.
Musk’s most recent effort to overcome Twitter’s impending bankruptcy has been the non-payment of rentals for the company’s global locations, which has led to the departure of Twitter staff from premises in Singapore. According to media sources, landlords evicted Twitter staff from their Singapore office as Musk failed to pay the office building rent. A media source tweeted the following on its Twitter page: “I’m told Twitter employees were just walked out of its Singapore office — its Asia-Pacific headquarters — over nonpayment of rent. Landlords walked employees out of the building”.
While Twitter is yet to corroborate this information, another media source also reported that Twitter did not pay rent for any of its locations in an effort to reduce expenditures. According to reports, the corporation also did not pay the $197,725 cost of private charter flights. The owner and developer of Twitter’s San Francisco office space, Columbia Reit, claims that it notified the firm on December 16, 2022, that it would default on its lease for the 30th floor of the Hartford Building in five days if the payment was not made on time. However, the developer stated that Musk did not pay the rent on time.
Musk is actively reducing the company’s expenditures, which has resulted in the loss of a data center, espresso machines, and staff from cleaning and security services. Musk compares Twitter to an aircraft hurtling towards the ground at tremendous speed with its engines on fire and its controls broken. According to him, the firm was moving towards a negative cash flow position of around $3 billion in 2023, which is the reason behind his aggressive cost cutting during the last five weeks.
