Written by 5:47 am Real Estate

Twitter sued for now not paying lease on San Francisco HQ since Elon Musk takeover

Twitter is being sued through its landlord for ducking out on lease for its downtown San Francisco headquarters, the place the platform reportedly went via heavy cost-cutting below new CEO Elon Musk.

The corporate owes $136,260 in unpaid lease, in line with the lawsuit filed Thursday through Columbia Assets Accept as true with.

Twitter’s freeloading was once reported early closing month through the New York Occasions, which wrote Musk and his advisers was hoping to renegotiate phrases of hire agreements after mass layoffs.

The downsizing has already begun.

Twitter closed its Seattle workplaces, the Occasions reported Friday, reducing janitorial and safety products and services. Ultimate workers have been left to deliver their very own bathroom paper to paintings, in line with the document.

Musk bought Twitter for $44 billion in October and has been reducing prices ever since, amid what Musk admitted was once a “huge drop” in earnings.

Cleansing and safety workforce have been additionally laid off from the corporate’s New York and San Francisco workplaces, the place employees struck for upper pay. In San Francisco, Musk condensed the corporate’s footprint at 650 California St. from 4 flooring to 2, the Occasions reported.

a picture of the office building
Twitter’s San Francisco workplaces are positioned within the Hartford Construction at 650 California St.
Getty Pictures

On Christmas Eve, Musk ordered workforce out to a knowledge middle in Sacramento to close down key servers as a cost-cutting measuring, the Occasions reported.

In the meantime, layoffs have persisted, with cuts to the corporate’s infrastructure and public coverage divisions closing week, the document mentioned.

Staff had been directed to lengthen paying contractors or distributors — together with accountants and specialists running on key regulatory initiatives, the Occasions reported.

The corporate could also be being sued for failing to pay virtually $200,000 for personal constitution flights made the week Musk took over.

Staff be expecting extra layoffs to return, the document printed.

Elon Musk in a white tie tuxedo
The corporate owes $136,260 in unpaid lease, in line with the go well with filed Thursday through landlord Columbia Assets Accept as true with.
Getty Pictures for The Met Museum/

Twitter didn’t go back a request for remark in regards to the new lawsuit.

Musk has pledged to step down from main the corporate after engaging in a ballot on whether or not he will have to achieve this. A successor has but to be selected.

The multibillionaire’s acquire of the social media corporate made him the primary particular person ever to lose $200 billion, a document discovered.

Supply By way of https://nypost.com/2023/01/01/twitter-sued-for-not-paying-rent-on-san-francisco-hq-since-elon-musk-takeover/