Elon Musk has been slashing costs since taking over Twitter last year. Read more at straitstimes.com.
NEW YORK – Twitter is seeking to sublease New York office space as the technology company looks to curb costs.
An email seeking comment from Twitter wasn’t returned immediately; the company previously laid off its entire public relations department. A spokesman for Pacific Investment Management’s Columbia Property Trust, the owner of the building, declined to comment.The company has slashed jobs and been accused of missing rent payments on offices in San Francisco and London.
The 17th Street buildings were among a handful of properties tied up in a recent default by Pimco’s Columbia Property Trust. The office owner said last week that it was working on a restructuring of the loans with its lenders.Facebook parent Meta Platforms has given up some offices at Manhattan’s Hudson Yards, while Amazon.com also cut back on a planned expansion in the city, Bloomberg reported last year.
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