Entertainment

Musk Restructures Twitter's Legal Team In An Effort To Reduce Costs

By FactsWow Team

Posted on: 15 Dec, 2022

Elon Musk has reorganized Twitter's legal team during the past two weeks, abolished a council that provided safety-related advice, and continues implementing dramatic cost-cutting measures.

Credits: Lyrical World

According to seven people familiar with internal conversations

Mr. Musk appears to be preparing for legal battles at Twitter, which he acquired in October for $44 billion. One of his closest advisors was fired while he and his team reorganized Twitter's legal department. In preparation for potential litigation, they have also told staff members not to pay vendors, according to the sources.

Credits: Reddit

According to three people familiar with the company's finances

Twitter has been weeks without paying rent for either its San Francisco headquarters or any of its international operations. According to a copy of a lawsuit filed in New Hampshire District Court and acquired by The New York Times, Twitter has also refused to pay a $197,725 bill for private charter flights taken the week of Mr. Musk's takeover.

Credits: WIRED

According to two people familiar with the discussions

According to two people familiar with the discussions Twitter's executives have also talked about the implications of withholding severance payments from thousands of employees who have lost their jobs since the takeover. Additionally, an internal email received last Friday claimed that Mr. Musk had threatened legal action against staff members

Credits: National Today

The assertive actions show that Mr. Musk is still cutting costs and breaching or bending Twitter's prior agreements in order to make his mark. His administration has been marked by disarray, numerous layoffs and resignations, reversals of the platform's prior suspensions and policies, and arbitrary actions that have turned off advertisers.

Credits: Business Insider

Thank You!

For more stories like this

Explore our website

TAP FOR MORE