Twitter takes extreme steps to cut costs

Company selling office supplies and no longer paying rent

clock • 3 min read
Musk has fired several safety and compliance staff since taking over, giving Twitter legal headaches
Image:

Musk has fired several safety and compliance staff since taking over, giving Twitter legal headaches

Twitter is allegedly considering not paying severance packages to former employees and has stopped paying the rent on offices as it looks to cut costs.

The company is also said to be revamping its legal team as it prepares for a series of court fights over missed payments. According to the New York Times, Elon Musk has fired Alex Spiro, a crimi...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Microsoft cuts more jobs, settles lawsuit

Corporate

The company acknowledged 'organisational and workforce adjustments' as a standard practice

clock 05 July 2024 • 3 min read
Book review: Technology and Security for Lawyers and Other Professionals, Kuan Hon

Law

A time-saving kicking off point and explainer for all non-tech professionals

clock 27 June 2024 • 4 min read
Arm tries to block Copilot+ PC lauch

Law

Part of an ongoing dispute with Qualcomm

clock 18 June 2024 • 2 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Corporate

UiPath to cut 10% of staff amid AI investment focus

UiPath to cut 10% of staff amid AI investment focus

'Workforce reduction is aimed at further driving operational efficiency and customer centricity,' according to a UiPath

Wade Tyler Millward
clock 11 July 2024 • 4 min read
'Build in smaller chunks': How to build an AI roadmap

'Build in smaller chunks': How to build an AI roadmap

'If we don't have control, we'll always be lagging behind'

Tom Allen
clock 10 July 2024 • 4 min read
OpenText plans to lay off 1,200 staff

OpenText plans to lay off 1,200 staff

But hopes to create 800 new roles in sales, professional services and engineering

CJ Fairfield
clock 05 July 2024 • 2 min read