Elon Musk’s Cost-Cutting Measures at Twitter: Unpaid Bills, Lawsuits, and Short-Term Thinking

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According to a report from the Financial Times on Friday, Elon Musk, the CEO of Tesla and SpaceX, has been repeatedly quoted

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in relation to unpaid bills by Twitter’s vendors, which have reportedly accumulated since his $44 billion takeover of the company.

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In November, Musk established a “transition team” made up of trusted associates whose job was to reduce costs.

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However, according to the report, the team refused to compensate Twitter’s vendors, partners, and landlords to keep costs low.

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The FT quoted a former senior employee who was laid off in the most recent round of cuts as saying, “Elon would always say ‘Let them sue,’ it was a constant refrain.

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It’s all very short-term thinking.” The transition team is said to be led by Steve Davis, the CEO of Boring Company, who has cut nearly $1 billion in costs at Musk’s request.

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Musk is reportedly working with investors to address the situation with the unpaid vendors,

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who include landlords, insurance providers, limo services, fertility providers, and companies such as Salesforce, Adobe, and Slack.

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