Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Elon Musk Refusing to Pay Rent for Twitter Offices & Pushing These INSANE Cost-Saving Measures
Posted
December 15, 2022
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8:22Now PlayingElon Musk has reportedly stopped paying rent for Twitter office buildings. Ana Kasparian and John Iadarola discuss on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
Read more HERE
"Twitter has not paid rent for many of its offices for weeks and is looking at denying severance payments to thousands of employees who have been laid off since billionaire Elon Musk took over the social media behemoth, The New York Times reported Tuesday.
Musk and his circle of advisers are reportedly still trying to cut costs after the $44 billion takeover in October. Shortly after the deal closed, Musk laid off about half of the company’s 7,500 full-time employees. A month later, hundreds of others left with their own offers of severance after Musk demanded that only “extremely hardcore” staffers remain.
U.S.-based employees were offered at least two months of pay and a month of severance to comply with federal and local labor laws. That deal came only after Twitter considered not paying any severance at all."
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