Earn from 0.001 to 0.5 bitcoin!
Earn bitcoin easily. Invite partners and earn from 0.001 to 0.5 bitcoin. Get from 5% to 70% in bitcoins from your investment partners. Sign Up - Register

You can see previous news in the old version of the news blog. Watch

Elon Musk closes Twitter offices around the world to prevent the company from going bankrupt.

Published: 2023-01-13

Elon Musk is closing many of Twitter's international offices as it continues to cut costs and try to find ways to get the company to at least break even. According to several sources, at least a dozen international offices are closed or will close soon. We should also expect the closure of several offices in the US.

The shutdowns are expected to result in several hundred more Twitter employees losing their jobs, in addition to the thousands who have already been fired or retired since Musk took over Twitter just over two months ago.

The geography of closed offices is wide - in Hong Kong and the Philippines, as well as in Mexico and Africa, where, according to insider information, all Twitter employees were fired back in November. Offices in Australia, South Korea and most offices in Europe and India are also either closed or expected to close in the coming weeks.

A large office in Singapore, which is the headquarters of Twitter in Asia, is also rumored to be in danger of closing. At the same time, other sources claim that a few hours ago, Musk still paid the overdue rent for the Singapore office. Employees who were forced to leave the office during business hours due to the Twitter eviction have been ordered to return to work in the office.

Previously, Twitter had more than two dozen international offices in major cities around the world, including Paris, Madrid, Berlin, Manila, Mumbai, Bangalore and Jakarta, as well as twenty offices in the United States. Now, inside the company, only the largest ones are being discussed - in San Francisco, New York, Los Angeles, London, Tokyo and Dublin. A Twitter spokesperson declined to comment.

More recently, Twitter has been developing very dynamically, opening offices and representative offices around the world. Most of them were small business outposts, including designing and selling advertisements.

The last Twitter office opened in 2021 in Ghana, marking the company's first official presence in Africa. “To truly serve the public dialogue, we need to be more immersed in the rich and vibrant communities that fuel the conversations that happen every day on the African continent,” Kayvon Beykpour, the now-left Twitter executive, wrote on a corporate blog at the time.

The Singapore office, which opened in 2015, even expanded last year by adding office space and bringing in engineers from the region. “Expanding our engineering centers outside of the US accelerates our commitment to building a truly global, inclusive and affordable product by creating a more distributed workforce,” Twitter said in a statement about its expansion in Singapore.

But now, apparently, the concept has changed, and the company is going through a painful process of cost cutting, layoffs and other “office optimization” methods. Due to the deteriorating financial situation and the failure of ambitious plans for subscription revenue, Musk constantly cuts costs and carries out layoffs. Benefits and privileges have been canceled, service personnel have been reduced, and individual employees are often fired because they somehow displeased Musk.