By Mark Gilman
December 15, 2022
Elon Musk is known as an innovator and a lightning rod. Still, his recent actions at Twitter Inc. are not that different from any other corporate owner or CEO dealing with a declining workforce.
Musk, Twitter’s new owner, stopped paying rent on the company’s San Francisco headquarters as part of a strategy to get a better lease deal. According to The New York Times, Musk is trying to get his building’s owners to rework the company’s long-term leases, which house a drastically reduced workforce.
While the Twitter owner’s strategy is not unique, his shrinking office space resulted in firing a number of his employees. It is much different from the issues other companies are dealing with in trying to renegotiate their leases. The significant difference is that those companies’ employees didn’t return to the office after the pandemic. And according to some recent studies, those remote workers aren’t coming back anytime soon, if at all. Read Full Story on Yahoo!