>

Of course you are a Canadian Trump supporter. Lol. Sorry Trump didn't "kick the living shit out of the Dems" like you wanted :(.
I wonder if Musk even knew this office existed. After he fired the people responsible for paying for them, he probably didn't even know it was there. >

Why is he so against WFH if he can't even afford the offices. >

The no-WFH strategy was to get employees to quit voluntarily opposed to firing them (which is more expensive). >

No not at all. He is a terrible manager of people and he expects everyone to devote their life to the company. 
The guy is toxic. >

In this case, it can be both and probably is. >

What happens when an impossibly cheap asshole meets and unmovable rent requirement?!? >

He is looking at a ledger and saw that probably over ~50% of his revenue bailed on Twitter in the form of ad revenue because he revealed himself as a pro authoritarian douche-monger.  He sees a number, it’s an expense and probably a necessary one like rent for a building, but he has to bring the ledger back into the black for the sake of his ego. Because his ego tells him he is a good businessman man and he will never be able handle the truth that he way overpaid for Twitter and now he is destroying it and Tesla for nothing, absolutely nothing in return aside from embarrassment and humiliation at astonishing speed. >

I am now enjoying a mental image of Elon staring into his mirror, quietly chanting "You are a good businessman man" over and over... >

The employees: cool I can go back to WFH >

Watch them get fired because they didn’t show up to the office that doesn’t exist >

Cut your payroll costs with this one simple trick! Employees hate him! >

Lawyers love him! >

Until he doesn’t pay them. >

This whole debacle would have totally been a Seinfeld episode.  I can hear George Costanza now:      
“I’m telling you Jerry, he’s a genius.   A Genius!” >

God I read that in George's voice.  You are absolutely right >

Now try it in Bania's voice: "That's Gold, Jerry! Gold!" >

No biggie. I'm sure Southeast Asia will be fine without Twitter, as would the rest of the world. >

And Elon hurting his businesses and bottom line in the process is a bonus, maybe now the internet can shut up about him. >


maybe now the internet can shut up about him.

It's better that the internet continues to scorched earth his reputation before shutting up about him, lest we run the risk of the internet forgetting and treating him like "a real life Tony Stark" again. >

You know what? enthusiast media, financial media, and MSM were all overly credulous and complicit in his rise. Dude said we would have roofs made out of solar panels that are cheaper than asphalt and make thousands of dollars with robotaxis piloted by cameras. He said that a Tesla would drive from LA to NY without a driver and park itself in Times Square in 2017. No one was calling him out on this knowably false bullshit. >

His solar roof demonstration was at a universal studios back lot pretending to be a fully functioning neighborhood. His timeline, estimates and certainty should be criminal, but the media knew they were at a fake lot and acted like they were ready to go. >

Thankfully it’s hard to fake robotics, but it doesn’t stop the Cathie Woods and Ross Gerbers of the world from valuing their “guy in spandex suit” division at tens of billions of dollars. >

I wonder how long before they can’t make their AWS payments, or hydro bills for their data centres… >

We might get to power first before those are issues. >

i know he's an idiot and majorly tarnished the brand, but was that really enough to cause all this this quickly?  i know twitter wasn't doing great, but i'm a little shocked at how quickly it's crumbling lol >

It's crumbling this fast because he fired everyone / nearly everyone in accounting, legal, PR etc.
If he bought it and did nothing it'd be fine. >

well yeah, obviously, but that doesn't explain anything.  I'm asking how they're unable to pay rent.  is it lack of funds, or just no staff left that used to pay this stuff?  
I'm assuming they just can't pay it, which is why I'm astonished as to what specifically is causing the deficit.  profits declining is one thing, but going straight to failing lease payments within a few months is staggering.  I know his stupid decisions have caused a lot of advertisers to back out, but many stayed (like apple, their largest one, allegedly), and their traffic has reach recent highs, so I'm trying to figure out how bad their finances have to be to get to failed lease payments this quickly if they weren't already on the ragged edges (maybe they already were?) >

To buy Twitter Elon took huge loans against Twitter. Under Elon, Twitter now has an additional billion dollars per year of interest it has to pay that it didn't have to before. >

People have been joking about him deliberately trying to burn Twitter to the ground for a while, but I legitimately think that is the case now.  But why? >

I don't think he's as devious or long-term thinking as to have a plan to burn Twitter to the ground. I honestly think he liked the Twitter service that he used, got pissy about how people he admired were getting treated on it, decided to try to make a quick buck by 'announcing' he was buying it with zero intention to do so.... and then was forced to actually go through with the purchase or face conseqeunces he wasn't prepared to face.
After he was forced to throw money at it that he didn't want to, he decided he'd try to convert it to a start-up "in his image". But Twitter isn't a start-up anymore. So every decision to 're-create' an Elon-style start-up environment, is hastening the end. And it's going to be a bitter end. Twitter as a company is finished, and it's just us watching it collapse in his hands as he tries the only known tactics he's learned on what to do with a startup, but applying to an existing business that was fine without him.
Game over, man. Game over.. >

That's a pretty good synopsis, but if he wanted out, why not put it up for sale once it went private?  Or piecemeal it out?  Or literally anything other than what he's doing?  I agree that he's made some bad decisions, but he can't be THAT clueless...can he? >

Who would buy it?  He paid $44 billion for it, had to borrow a ton of the money, and immediately had an interest bill of billions. Twitter became worth less than nothing as soon as that deal happened. Musk overpaid by such a ridiculous degree that just the interest payments are monumentally higher than Twitter has any hope of covering, let alone paying back the loans themselves and operating expenses.  Even if he gave it away for free nobody would touch it because its debts are now so far beyond what the company earns it they would still lose money. >

I had no idea he paid that much. For some reason my mind saw it as millions when he bought it. 
I don't use the platform and I don't follow Musk. I can't believe he made such a disastrous move on that. I'm glad I'm reading these comments! >

yeah iirc the interest one the loans are 1 billion a year+ (keep in mind twitter has never made a billion that can be used to cover that new liability. >

Who the hell would have approved that financing??
I guess when you're filthy rich you can really do anything you want. >

I believe it was backed by his shares in Tesla, which have also cratered since then >

Elon Musk made a mistake that only a billionaire can make, and it's fucking hilarious. >

All the best run companies regularly face evictions. >

Yeah. I used to work at jdpower and the ceo told the employees in a town hall that ‘all good companies have layoffs’. 
This is 100% incorrect. The truth is than all poorly managed companies have regular layoffs. 
What kind of ignorance or arrogance does it take to stand up and say such a thing. >

I'm guessing he didn't win the JD Power award for Best In Class CEO that year, did he? >

Good one. No, he didn’t but he did win the award for roulette layoffs each quarter for my years. Every fucking quarter. >

Sounds more like they used "Hire to Fire" methodologies.
The practice is informally called "hire to fire," in which managers hire people, internally or externally, they intend to fire within a year, just to help meet their annual turnover target, called unregretted attrition (URA) >

The Amazon way. And I don’t just mean warehouse and operations. Their tech and product teams have stated attrition goals. >

What are their US landlords allowed to do?  Can they do what was apparently done in Singapore and escort everyone out of the building? >

Nah we actually enforce laws against companies in Singapore. Nobody / no entity is above the government. Any attempt at ~~lobbying~~ bribery will put them into jail.
In the USA they’ll let you get away with anything if you’re rich / famous enough. Trump famously never paid for his lawyers or rallies and nothing ever came of it. >

Only if the victim of the crime is poor.
If you’re rich and the victim of your crime is another rich person, you very likely may face justice. The landlords of massive office buildings are usually other billionaires. >

How many locations have had this happen now? >

Just like his buddy Trump, Musk is the smartest businessman alive.  /s >

To be fair, he probably doesn't have an accounting department anymore. >

It's really bad that a billionaire can just shrug and go, "Sorry, company is broke. If I paid you, how could I pay myself?"
They really need to flip the penalties on crimes... Do some weed? Okay, that will be a fine of 1% of the value of the weed involved, and you can keep it. Ran from a speeding ticket, cause police might kill you, well, just pay 1% of the ticket you would have gotten and we'll arrest the cop for being a squealing rat for 10 years. 
Shit so broke. Bankrupt a company due to intentional mismanagement due to being over leveraged should be 10 years in prison for every job lost (years can be slipped amongst shareholders according to percentage owned). Improperly fire an employee? Cops beat you and you spend 3 months in jail for it while the employee goes back to work. Don't pay your bills so can abuse the legal system to save yourself money that you already screwed yourself into owing? Should get 20 years in prison for gross commercial misconduct (made up law that should exist, basically that makes negligence in a commercial business that causes financial harm to employees and/or customers a criminal offense. Fail to pay your employees what you owe them? 10 years in prison for every $1,000 in underpayment. >

Didn't this fucker say he was going to step down from Twitter. Why is he still there? >

Guess work from home is back on the menu! >

Guesswork from "wherever" seems to be the entire plan.
Trust the plan.
Trust the Musk. >

At this point I am convinced that he is deliberately sabotaging Twitter just as some petty tantrum of resentment for being forced into buying it. >

Makes you wonder how the guy can order all staff back to the office, and then doesn't pay rent on any of the offices. >

He must have forgotten to fire those people >

I'm kind of curious where the servers are located.  Are they in Twitter owned/leased buildings or a different company operates them and if they are getting paid. >

I don't think there's gonna be a Twitter soon guys. >

I get the impression that musk is like trump lol >

Seems like work from home wasn’t such a bad idea. 🤔 >

CEOs everywhere were suddenly hit with a "brilliant cost saving idea". >

Blame Elon Musk. He is the one who tells everyone not to pay rent. 
Elon Musk is outright sabotaging Twitter to a point of bankruptcy through his incompentency. Before Musk bought Twitter, the Singaporean branch had no problem paying rent since they first open in 2015. >

I am not even sure he told them to stop paying rent.  It seems more like he axed most of the accounting and finance department because he sees salary expenses as too high without understanding or bothering to learn who was essential to keeping the lights on.  He certainly hasn't been preparing for this like I would expect if this was an intentional, planned development (e.g. talk about moving the offices to somewhere cheaper or downsizing to do more work from home). >

Not paying your debts is Trump 101, Elon learned from the King of welching. >

Get ready to see more of this.
It's January. Advertising rates always plummet this time of year because a lot of ad budgets are annual. So that's a drop in revenue. Plus, I doubt he's selling as many checkmarks as he was hoping for. 
Whatever financial woes he had with Twitter before have only gotten worse in the last two weeks, and they're not going to get better anytime soon. >

He already admitted that revenue was down 40% >

I thought he wanted people back in the offices? Lol >

Why an absolute piece of poop >

Tells employees they can not work from home, doesn’t pay rent on office buildings, employees get kicked out. What next the employees are all fired for not turning up to work? >

There's gonna be lectures in college business classes about Musk and how not to run a company. >

As someone who grew up in business and started a store from the ground up not one of Musk’s major decisions makes business sense.  He seems to want to destroy Twitter. >

I keep trying to come up with theories as to why that would be advantageous to him because it's literally the only thing that makes sense.
Sadly though, I really do think this is the result of too many yes-men combined with the fact he has no investors to keep him in line since it's privately owned now. And I'm sure his internet fame probably got to his head and he thought his tweets alone would make money lol. As someone with autism myself I genuinely see him completely misreading the situation and attributing way too much success to his genius alone. Probably thought he was setting trends and knocking down walls when really he's just really wealthy and a household name. >

It’s not just rent in this office, it’s also the San Francisco office and tons of other vendors. This is an aggressive cost cutting strategy with the goal being to settle out of court to terminate long term contracts and negotiate the settled amount down to less than what was actually owed. 
The company had operated in the red, relying on investor capital to drive growth and expansion. Advertiser revenue was on a trajectory to decrease this year prior to the purchase as most budgets are annual and the first thing companies cut in times of economic uncertainty is advertising. The acquisition accelerated this as it introduced uncertainty around the platform. This uncertainty is one of the reasons he’s struggled to finance the company’s debt by selling private stakes. His whiplash decision making and negative PR creates even further uncertainty. 
In other words, the company was bleeding rapidly. He has attempted to stem the bleeding, but in doing so has increased the blood pressure causing the blood to flow out at an accelerated rate. Now he’s applying tourniquets to limbs he thinks he can do without in order to decrease the total amount of blood needed. >

Eh well business mistake #1 was offering to buy and take private a failing business that was only being held up by public investors lol >

I wonder if this is just a shitty way to do layoffs. "All employees must be working in office next by next week. " >

Hey, at least they can all work from home now! >

Sounds like things are going down the twitter. >

Am I the only one who thinks this is Elon’s fantasy- to take a billion dollar company and just tank it? I feel like he gets off on this in some sick twisted way- at the expense of people livelihoods. >

The super rich version of being a serial killer. You don't even have to hide, and you can ruin thousands of lives at a time! >

Employees must come in to work ^unless ^I ^don't ^pay ^the ^bills >

Guys, I think Twitter might be fucked >

Return to office or be fired!
We can’t’ because you’ve been evicted. >

"so you're fired. return any equipment to your office or we will have you convicted for theft." >

What the end game here not paying rent all over the world? >

I am guessing he is using this to force negotiations on their leases because he has already downsized these office spaces. If the landlord does not want to negotiate, you stop paying rent and require legal intervention and neither the building owner or Twitter wants to deal with an endless legal battle. So they will likely either settle and terminate the lease and Twitter finds a smaller/cheaper space, or they negotiate a lower rent or a smaller space.
It’s a shitty thing to do but he won’t be the first to do something like this. >

That may fly in the US, but he's seriously deluding himself if he thinks that works across the planet. >

Fuck twitter, good riddance. >

He’s such a sharp operator, is Elon. >

Damn, where are they gonna work, surely it’s not viable to work from home… >

I've been sorta out of the loop. But is all this dumb shit him thinking he can run Twitter by himself, thinking everyone else is a waste of money, and really trying to make a profit as a result? 
What an awful and bizarre strategy. Lol. Kinda fucked up he's lost so much fucking money since he bought Twitter, yet is still one of the richest people in the world. Goes to show how absolutely untouchable these people are. >

Reason for 100% remote work then. >

musk: everyone must stop working from home and go to the office, also you must pay your own office rent or not have a job... >

Isn’t it nice that it seems the only country he isn’t suffering consequences is the USA? >

How is it legal for billionaires just to not pay rent?  I mean, is anyone holding them accountable at all?  Can their assets be seized to pay rent?
One person’s spending is another person’s income and they just…don’t pay because they don’t feel like it? >

It's not. They're being sued for it. >

Mandatory work from home? Truly dark times. >

Someone correct me if I’m wrong. The CEO does not personally cut these checks for rent. They have accountants and what not. So would that mean that he ether a. Directed them to stop payment on rent or b. Has no money to pay rent >

The answer is probably closer to "He fired the person who handles payment of rent and failed to ensure a backup was in place, so now the administrative work just isn't getting done" >

That is a good third option >

Only a few questions,  who reported this. Not their name but anything particular to them, how many employees were walked out? Any landlord quotes? Do they have other buildings rented? >

Yay! Permanently WFH. Let's see how long Twitter last. >

It's funny to think about people actually thinking Elon Musk is writing rent checks. 
So people really think he sits down monthly and like....does his bills, and pays for all these minut details? 
This is obviously an oversight.
I'm not a musk apologist, just fatigued of this type of reporting >

Keeping paying this guy for a checkmark. >

The actively not playing offices to cut down costs >

Honestly
stunned they aren’t getting locked out of more offices >

Elon: “No more work from home! Back to the office!”
Also Elon: doesn’t pay rent, closes offices >

“You must work in the office.” 
“No I won’t pay rent.”
What a shitheel. >

I feel like I haven’t seen or heard much about Twitter recently >

Elon musk proving once again that wealth does not concentrate on certain people based on merits or work >

Can we padlock the SF HQ offices now, please? >

After living in the Silicone Valley for thirty years I can attest to how so many twats with any idea for tech feels that their purpose is bigger than individual life and every contributor needs to throw themselves and personal wellbeing onto the altar of their goal. Musk probably feels that landlords should also contribute to this “Freedom of speech” pillar. 
The people who actually do the work rarely get compensated and recognition fairly while the ones that can suck the mental dick of the top nuts get promoted and exalted. If you’ve ever wondered how bad Ron Burgundy would be with a smidge of intelligence then wonder no more. 
When the Twitter offices are locked up I wonder if he still works from Sergei Brin’s home? >

So force people back to the office then promptly stop paying rent on the offices 🤔 >

His plan of being the great fall from rich to poor is going epic >

Time to work from home! >

So I guess the plan is to let Twitter implode by not having any physical locations, including wherever they rent servers. >

The plan is to see how much he can get away with not paying >

Imagine finding out you have employees in Singapore like this. >

Imagine him finding out that they still had janitors and toilet paper 😂 >

In the office. Out of the office.  Make up your mind,  clown. >

So I read the article…
My basic opinion is…. 
Elon doesn’t want to pay rent for buildings he doesn’t need because of all the staff cuts. >

There's the legal way to break a lease, and then there's not paying rent lol. >

Yeah as if the CEO of a giant corporation like Twitter is paying the rent. 
How are there this many idiots around? >

His company does and he's the boss. What is hard to understand about that lol
Whoever he hired to pay rent did a shit job and it caused an awkward scene for his employees. >

They didn’t do a “shit job”, Musk told them to stop paying. Because he’s stupid. >

twitter was less than 3,000 people .. and that was before he took the hatchet to the place.
i could fit them all in my barn at the back on my small farm. i'll let them stay for free if they milk the cows and feed the hogs every day. >

Why would he need them now that he's cleaning out the fbi and cia clowns?
Bahahaha...thanks for the down votes losers. It's a badge of honor