Twitter Inc. is looking to sublease office space in New York City as part of CEO Elon Musk’s efforts to cut costs. According to Bloomberg, Twitter is looking to sublease around 200,000 square feet of office space. This comes after the company laid off more workers over the weekend in its latest round of job cuts.
The move is part of Musk’s attempts to reduce costs and make the company more efficient. Twitter also wants to reduce its office space in other cities, including San Francisco. The decision to sublease office space is part of a broader cost-cutting strategy that Musk has implemented in recent months. This includes eliminating non-essential jobs, reducing travel, and trimming discretionary spending.