Per CNBC
Twitter SF Headquarters Starts Auctioning Off Espresso Machines, Blue Bird Neon Signs, and More
1/18/2023
Since Elon Musk's $44 billion acquisition of Twitter, the CEO has made drastic cost-cutting moves like letting go of two-thirds of its workforce. Now, the company is auctioning off items once part of its larger San Francisco headquarters.
To get to the auction, Musk initially started downsizing the social platform, with thousands being let go, with only a few surviving in "hardcore mode." Musk has also made moves like no longer offering free meals to staff, which cost a couple of millions per year.
From about 7,500 staff before Musk's takeover, the Twitter CEO's layoffs resulted in the company being left with approximately 2,500 employees.
The Twitter CEO also decided to downsize its headquarters from six to just two floors. Elon Musk has also decided to close its Seattle office as part of its downsizing and cost-cutting measures.
Musk even took measures against Twitter's janitorial services, letting them go and resulting in workers on strike for the sudden decision. Because of the massive cuts, many items are now being sold via auction, which Heritage Global Partners are conducting.
Following the move, Twitter received a lawsuit over failure to pay rent for its San Francisco office. The lawsuit notes that the company owed its landlord $136,260 following another lawsuit that the company missed $197,725 in private charter flight payments during the week of Musk's takeover.
Here are some notable items being sold at Twitter's auction.
- Espresso Machines
- Kegerators
- Computers
- Rotisserie Cookers
- Refrigerators
- Pizza Ovens
- Desks
- Conferencing Gear
- Neon Electrical Sign of the Blue Bird Logo (someone made a bid of $17,500 for this)
Other auction items can be viewed on the Heritage Global Partners' website. This comes as multiple companies have stopped advertising on the platform, and Elon Musk is looking for other potential revenue streams for the social platform.
See flow at unusualwhales.com/flow.
Other News:
- Elon Musk downsizes Twitter headquarters to two floors from six
- Twitter Sued Over $136,250 in Rent Due For San Francisco Office Space
Resources:
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