Elon Musk: Billionaire Elon Musk has come up with a new idea to save Twitter from bankruptcy, while looking for a way to cut costs on Twitter. He has refused to pay the rest of the millions of dollars due to travel vendors in the travel allowance of employees before the Twitter acquisition. Let us tell you that it is being said on social media that Twitter can be declared bankrupt anytime.
Told the New York Times that before the acquisition of Twitter, millions of dollars were spent in the head of the travel of the employees and now it has refused to deposit the balance of hundreds of thousands of dollars of all the receipts of the travel. Elon Musk says that he had neither issued nor paid hundreds of thousands of dollars in travel invoices. All of them were extended and issued by the earlier authorities. Now he will not pay those earlier and present bills.
stop receiving calls
It has been said in the report that ever since Musk has given his decision, Twitter employees have started refraining from receiving calls from travel vendors since then.
News Reels
About 3,700 people were fired by Musk in the uproar of cuts. Along with this, a complete comprehensive review of all other costs in the company and after that corporate credit cards for Twitter employees have also been discontinued. The report said that Musk’s investigation led to the dismantling of Twitter’s luxurious office infrastructure, real estate and even free food in the company’s usually lavish in-office cafeteria. Is.
Dissatisfaction against Musk started growing
The report states that, although these draconian cutbacks may have reduced Twitter’s expenses, the move has created resentment within employees, especially from some vendors, those on whom Millions of dollars are owed.
Earlier this month, on his first collective call with employees, Elon Musk said he could not rule out the possibility of Twitter going bankrupt two weeks after buying it for $44 billion.
In his first company email that same day, Musk warned that if Twitter failed to boost subscription revenue to offset falling advertising revenue, it “will not survive the coming economic downturn.”
The changes Musk has made to Twitter, including content moderation, delisting company stock, layoffs and member verification, all point to a desperate attempt by the world’s richest man to tap Twitter’s “massive” revenue. To counter the drop, whose losses for 2022 are above $100 billion.