Twitter CEO Elon Musk is known to make headlines for a number of absurd reasons. He is currently actively involved in cost-cutting activities related to the company usually at the expense of the company. However, according to recent reports, Twitter’s landlord is currently suing the social media company for not paying rent at its San Francisco office.
Twitter’s landlord, Columbia Property Trust, filed the complaint last Thursday and it owes roughly $136,260 in overdue rent. Musk purchased Twitter for $44 billion after a lengthy legal struggle in 2022 and the company’s inability to pay the rent was first made public about a month and a half after he purchased it.
Two people familiar with the situation informed The New York Times saying that Musk has been seeking to renegotiate the rental agreement’s conditions in the wake of downsizing and massive layoffs. The Times has reported that the downsizing intensified on Friday when Twitter closed its Seattle headquarters.
However, in the meantime, workers including cleaning and security staff were fired from the company’s New York and San Francisco headquarters. The Times has also reported that Musk has decreased the company’s office space from four floors to two. Conditions have definitely become worse for the Twitter workers. Let’s see what next step Musk takes now, until then stay tuned to Thirsty to get the latest updates.
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