Musk Shakes Up Twitter’s Legal Team as He Looks to Cut More Costs

[Slartibartfast]

Musk Shakes Up Twitter’s Legal Team as He Looks to Cut More Costs (Published 2022)

Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.

www.nytimes.com

It looks like Twitter is having some financial issues.

 

[Minerva]

I'll admit to being a bit of a jerk, but there is some schadenfreude in this..

 

[yankintx]

Twitter HQ will be lonely with only the Chief Twit on the payroll.

 

[dmpi]

This is the very legal team that screwed him over during the buy out. I'm not surprised there's bad blood here.

 

[CaughtInThe]

he either was arrogant (and thought he could run Twitter himself) or destructive (and just wants to burn it to the ground).

 

[BlueTex]

This is the very legal team that screwed him over during the buy out. I'm not surprised there's bad blood here.

Not exactly...

Amid those cost-cutting efforts, Musk has reshaped Twitter’s legal team in anticipation of the legal battles the company is likely to face in the near future. He recently dismissed Alex Spiro. The criminal defense lawyer was one of Musk’s close personal allies. In 2019, he successfully defended the billionaire in his infamous “pedo guy” defamation case. Musk had charged Spiro with leading the company’s legal and policy teams but reportedly became displeased with his personal lawyer after finding out he had kept James Baker on as Twitter’s deputy general counsel. Musk fired Baker after finding out the former FBI attorney had been responsible for reviewing the company’s decision to restrict posts related to a 2020 article The New York Post published about Hunter Biden’s laptop.

Since then, Musk has reportedly brought over “more than half a dozen” lawyers from SpaceX to fill the void left by Spiro and Baker. Among those who are now advising Twitter include SpaceX's Senior Vice President and General Counsel Tim Hughes. Anticipating potential litigation, Musk has also told employees not to pay travel invoices and other vendors the company owes money to for their services.

Twitter has reportedly dismissed Elon Musk's personal lawyer | Engadget

Twitter is reportedly taking drastic measures to cut costs..

www.engadget.com

 

[ElChupacabra]

Twitter HQ will be lonely with only the Chief Twit on the payroll.

Assuming they pay the rent to still have one:

The New York Times reports the company is taking drastic steps to cut costs. In recent “weeks,” Twitter has reportedly not paid rent for its main headquarters in San Francisco and satellite offices in other countries.

Source

 

[Neomalthusian]

He's done this kind of thing before, more than once, with both of his other companies.

What Elon Musk Is Doing to Twitter Is What He Did at Tesla and SpaceX (Published 2022)

Firing people. Talking of bankruptcy. Telling workers to be “hard core.” Mr. Musk has repeatedly used those tactics at many of his companies.

www.nytimes.com

Slash and burn tactics. Some have started calling it 'whaling and culling.'

https://moneywise.com/investing/stocks/genius-or-idiot-here-are-3-reasons-why-elon-musk-might-actually-know-what-hes-doing-with-twitter

 

[Rexedgar]

This is the very legal team that screwed him over during the buy out. I'm not surprised there's bad blood here.

His big mouth wrote a check his posterior is having difficulty cashing……

 

[Helix]

He should be Twitter's legal team all by himself. It would be the premise for a really inspirational movie like Rudy or Wall Street.

 

[LostInSeattle]

It's interesting that he is considering not funding severance packages. It seems like a poor move for at least two reasons. First, if you promise something to employees and then renege, why would anyone trust you in the future? Second, I would think it cheaper, easier and faster just to pay out instead of incurring ongoing legal fees and hassles. If you're trying to reconstitute the company, why not move away from the past as quickly as possible?

 

[Chillfolks]

When I work 3rd shift Coast to Coast with Bell/Noory is a lifesaver.

 

[Napoleon]

Musk Shakes Up Twitter’s Legal Team as He Looks to Cut More Costs (Published 2022)

Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.

www.nytimes.com

It looks like Twitter is having some financial issues.

Twitter has had financial issues since day one. This is just another hobby project for Elon just like Tesla and SpaceX and he has never cared about profitability. He could put that $44 billion in a pile, set it on fire, dance among the ashes, and still be more obscenely rich than 99.999% of people ever will be in their wildest dreams.