The company is currently running a serious cost-cutting campaign and Musk’s It has reportedly placed orders to slow or even stop payments to vendors and contracted services. The move led to complaints from Twitter employees and vendors who owed millions of dollars in repayments.
According to NYT’s sources Twitter, asks staff to review some outside vendors, renegotiate prices, or even not pay some fees. Areas under investigation include computing costs, travel, software services, real estate, and even in-office cafeteria dining.
Twitter has exaggerated its austerity policy! Musk will also take the water with a carboy!
Twitter, as well as sports leagues such as the NFL and the NBA Conde Nast and it is reconsidering partnerships with media companies such as Fox. In addition, Amazon, which provides computing services, and Oracle It is also trying to renegotiate deals with technology firms such as It is also reported that corporate credit cards were closed, free lunches were removed, and expense report payments were delayed by the company. Along with these, it is said that the company did not deliver the checks that it had previously promised to charities.
musk, As part of its purchase of the social network, it took out a $13 billion loan with $1 billion in interest payments. He told employees that “the economic picture is bad” but “bankruptcy is out of the question”. twitter it recently laid off half of its 7,500-strong workforce, saw some mass resignations, and fired most of the security staff, most of whom worked on audit content.