Elon Musk isn’t shy about saving as much as he can to keep Twitter costs down. This Wednesday, January 11, the company’s employees in Singapore were asked to vacate their offices, leave the premises due to unpaid rent, one more thing. After a few hours, they found out that he could indeed return the next day …
Incredible situation for Twitter employees in Singapore
In an email sent at 5 p.m. local time, Twitter employees were told they must vacate the CapitaGreen building in the city-state’s business district due to unpaid rent. They were not fired, like many of their colleagues around the world, but were offered to continue their activities remotely. Rebound, that same evening, according to Business Insider, Elon Musk would finally pay the bills and ask his employees to come back the next day.
Twitter, which has been based in Singapore since 2015, has chosen the country to be the focal point for its Asia-Pacific region. The company has hired a lot of engineers for development and, ahead of the arrival of Elon Musk, set a goal of doubling the workforce by 50 people in 2022.
Since the billionaire took office at the end of October, a dozen international offices have closed or are about to close, including those opened in 2021 in Hong Kong, the Philippines, Mexico, Australia, South Korea and Ghana. French branches, for example, were finally suspended on 4 November.
Today, the company will aim to limit its buildings to major cities such as San Francisco, New York, Los Angeles, London, Dublin or even Singapore. The rest of the locations are considered small outposts, mostly used for commercial operations such as advertising sales. According to an anonymous Business Insider testimonial, the following unspecified closures should result in the layoff of several hundred employees. They will be added to the list of 3500 people who have already left the company in 3 months.
Elon Musk is mean?
However, as the example of Singapore shows, even guaranteed settlements can find themselves in a ridiculous situation. Elon Musk already has a history of non-payment of rent. Last month, the owner of the company’s San Francisco headquarters filed a complaint for this reason, seeking $136,250. The company is also the subject of a lawsuit filed in December for an unpaid bill of $197,725 for two flights the CEO took in his first week in office in November.
The billionaire who lost $132 billion in 2022 is looking for ways to cut costs. Since his arrival, the company has been losing more than $4 million a day, he said. Things are likely to get worse as Twitter lost 50 of its top 100 advertisers and 90% of the company’s revenue comes from ads. In order to strike a balance, Elon Musk has decided, among other things, to cut fixed costs such as offices or wages.