The list of debts grows on Twitter. Since its acquisition by Elon Musk, the social network has become a slacker. In Singapore, company employees have been kicked out of their workplace due to excessive rent arrears, says Gizmodo. The billionaire and new boss finally settled his slate in extremis, on Thursday, January 12, to allow his employees to continue his activity.
Will scenes like this be repeated? Everything leads to believe it. Unless Twitter continues with its strategy of mass closure of its stores around the world.
There are already more Twitter offices in Brussels
Since the end of November, the Brussels offices have been closed. This decision was part of the great wave of layoffs -and strongly encouraged departures- that followed the arrival of Elon Musk at the head of the platform. However, the place was supposed to be the point of dialogue between the company and the European authorities, who have put in place new regulations to regulate social networks.
Musk-style Twitter has about a dozen international offices closed or about to close, Business Insider says. In Hong Kong, Mexico, the Philippines or Africa, company employees have been laid off for lack of a place to work. In the coming weeks, the sanction could be the same in Australia, South Korea or India.
Closing offices and laying off the occupants is one way to cut costs. An imperative for Elon Musk, who continues to pursue the profitability of Twitter. Only, in the premises that still host the staff, unpaid rents are increasing. Faced with this situation, the landlord of the company’s headquarters in San Francisco simply took the company to court. Columbia Reit, which owns the Hartford Building, is claiming $136,250 from Twitter.
Unpaid bills in court
The only problem, the rents are not the only charge that the company is reluctant to pay. Bills don’t seem to be the new boss’s priority. That is why Canary Marketing has also resorted to the courts, Business Insider tells us.
This company filed a complaint in early January after breaking its contract with Twitter, which did not pay its fees. Provided Twitter between September 2020 and August 2022 Twitter-branded promotional products. But the condition of paying the bills within 60 days of receipt has not been met. In all, the provider claims almost $400,000 in unpaid debts, plus interest.
These expenses were made before Elon Musk bought the company. The new boss has always refused to pay the expenses he incurred when he was not the owner of Twitter. This line even led him to another complaint, from a travel agency. Payment for a round-trip plane ride between New Jersey and San Francisco for about $200,000 is still pending from the Private Jet Services group.
But the trip, made the day before the Twitter takeover, doesn’t seem to worry the new boss. Therefore, it would seem that it is up to the courts to teach Elon Musk that invoices remain due, even in the event of a change of address.
Source: BFM TV
