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Home Business

Twitter spends $13 million yearly for food service at HQ – Elon Musk

by Thomas Babychan
November 14, 2022
in Business, Markets, News, Trending, World
Reading Time: 2 mins read
0
Musk apologizes for Twitter’s slow performance
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Elon Musk on Monday took to Twitter to ‘fact check’ a New York Times report regarding the serving of food at Twitter headquarters.

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A highly acclaimed news agency published a report stating that Elon Musk is asking employees at Twitter to pay for the meals served at the headquarters of Twitter. The alleged move was portrayed as a method to cut costs amidst the financial crisis.

Elon Musk countered the allegations of the New York Times by stating on Twitter that the social media company spends nearly 13 million dollars every year to provide food services at its headquarters. The “13 million dollars” figure created a flurry of reactions on social networking platforms as various users enquired what was the need to spend such a huge amount on meals.

Elon Musk went on to say that peak occupancy of the dining area was only 25 percent and on average only less than 10 percent of total occupancy was utilizing the facility. According to Elon Musk, there are more people preparing breakfast than the number of people who are eating breakfast at the food facility at the headquarter.

He also said that people working at the food facility don’t even bother to serve food most of the time and there is no one to eat it. In a reply to another tweet by a user, Elon Musk added that the average cost of a single lunch was above 400 dollars, which was a surprise to many users.

Since he took over Twitter on October 27, 2022, Elon Musk has been trying to bring various changes to the working and operations of the social networking platform. More than 3000 thousand employees were laid off last week as the company has decided to go strict on implementing cost-cutting measures.

Musk came to the defense of his company saying that Twitter had ‘no choice ‘ as it was suffering huge losses every day. Several changes and concerns regarding the radicalization of Twitter had forced various multinational companies to stop paid advertising on Twitter. Some celebrities even decided to leave the social networking platform soon after Elon Musk took over as the chief executive officer.

Tags: Elon Musktwitter
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Thomas Babychan

Thomas Babychan is an experienced business and economic journalist with a focus on international trade, stock market, banking, and multilateral organizations. He also has expertise in international relations and diplomacy.

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