Edited: Shaurya Sharma
Final replace: Mar 01, 2023 10:59 AM IST
What’s subsequent for Musk-controlled Twitter?
Twitter’s New York workplaces have been reported to be shrinking on account of Musk’s management. Twitter is subletting 2,00,000 sq. toes of workplace house in Manhattan, in line with Bloomberg.
Since Elon Musk took management of Twitter final November, the corporate has gone by way of a sequence of transformations, some minor, others extra vital, together with his appointment as CEO and layoffs of many workers.
Musk has additionally been identified to demand a excessive degree of productiveness from his group, anticipating them to work lengthy hours and clear up complicated issues. Most lately, it laid off roughly 10% of its remaining workforce, ensuing within the lack of about 200 jobs. Now, along with these adjustments, it’s reported that the corporate’s New York workplaces are additionally being diminished on account of Musk’s management.
Twitter is subletting 2,00,000 sq. toes of workplace house in Manhattan, in line with Bloomberg. Merely put, which means that Twitter will lease out the house to another person, whereas retaining some possession rights.
“Twitter lately listed roughly 200,000 sq. toes (19,000 sq. meters) of house for sublease at 245 and 249 W. seventeenth St. in Manhattan, in line with actual property brokerage Savills,” Bloomberg mentioned in a report.
The transfer follows Twitter’s earlier issues with paying lease for his or her San Francisco and London workplaces, which have resulted in authorized motion towards the corporate.
In line with Bloomberg, final yr, Fb father or mother Meta additionally ditched “some workplaces in Manhattan’s Hudson Yards” and Amazon scaled again its growth plans within the metropolis.
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