Elon Musk’s social media company is being sued by California Property Trust for failing to make the $136,000 monthly headquarters rent payment. Bloomberg reports that the company informed Twitter on December 16th that it would be breaking its lease for the 30th floor of the Hartford Building, located at 650 California Street in San Francisco. The company will file a lawsuit if the rent is not paid within five days.
This Thursday, California Property Trust complained to the San Francisco County Superior Court, stating that Twitter had disobeyed the ruling. According to a New York Times article from December 13th, Twitter had recently stopped paying rent at its international headquarters to save money.
Additionally, a claim has been made against the business for failing to reimburse Musk for $197,725 in charter flights during his first week as Twitter’s CEO. At that moment, Musk reportedly invited “more than half” of SpaceX’s legal team to Twitter.
Musk and other executives reportedly discussed the potential repercussions of postponing severance payouts for the thousands of workers who were let go in the first week, according to The Times. After he gained control of Twitter, Musk reportedly pondered terminating numerous workers without providing them prior notice.
In the end, he consented to pay US workers at least two years’ worth of wages and one month’s worth of severance. This made sure that the business complied with all applicable federal and state labor laws.
Don’t forget that many of the sacked workers were later invited back to Twitter because many of them were let go unintentionally. Even better, in some instances, the management determined that their abilities and potential were necessary for the tasks the social media juggernaut is tackling.
A request for comment has not yet received a response from Twitter, which no longer maintains a department for media inquiries.
