Twitter accumulates ‘millions of dollars’ in invoices after spending cuts by Elon Musk

Elon Musk has refused to pay Twitter providers who had contracts with the company.


The sum, approved by the ex-management, accumulates millions of dollars.

The arrival of Elon Musk to Twitter has caused an accumulation of invoices to suppliers who maintained contracts with the former management of the company.

According to The New York Times , the new manager’s staff noted that the services “were authorized by management prior to Elon Musk and not by him.”

Social network problems

Elon Musk is trying to cut spending at Twitter , a company he bought for $44 billion.

To do this, it has laid off more than 3,700 employees, 50% of its workforce , but where it has now focused is on revisiting and renegotiating the company’s contracts with external suppliers.

Within these services, external IT infrastructure providers, real estate, travel expenses and even luxurious food in the offices were paid.

Musk borrowed up to 13 billion dollars in loans to be able to execute the purchase and the social network is not managing to monetize “correctly”, a fact that has meant the arrival of services such as “subscription verified accounts” and that have caused controversy in its moment.

They avoid calls

Since this new action, Twitter staff are avoiding calls from vendors, who have even threatened to sue the company.

According to the report, there is “internal dissatisfaction” in the company.

During Elon Musk ‘s first call to employees, the new CEO slipped the possibility of Twitter going bankrupt.