Elon Musk frequently told Twitter staff 'let them sue' in response to vendors and landlords complaining about unpaid bills, report says
Elon Musk has repeatedly said"let them sue," as unpaid bills for Twitter's vendors have piled up since his takeover, theAfter Musk's $44 billion takeover of Twitter, he formed a"transition team" of trusted lieutenants in November, tasked with cutting costs, per the FT. The team frequently refused to compensate Twitter's vendors, landlords, and partners in an effort to keep costs low, the report added.
"Elon would always say 'Let them sue', it was a constant refrain," a former senior staffer who was laid-off in the latest cuts told the FT."It's all very short-term thinking." The transition team is reportedly headed by Boring Company CEO and long-time associate of Musk, Steve Davis, who focuses on reducing day-to-day costs at Twitter. He has cut close to $1 billion in costs at Musk's request, perMusk is also said to be working with his investors to work out how to deal with the existing vendor situation.
These vendors range from landlords, companies like Salesforce, Adobe, and Slack, insurance providers, security, limo services, and fertility providers. According to the FT, Pablo Mendoza, a managing director at Vy Capital – who funded $700 million of his $44 billion Twitter takeover – has helped to negotiate some bills down by as much as 90%. Mendoza sometimes plays on vendors' emotions, telling them that his job is at risk if bills are not cut, the FT said. Musk, who has claimed he had to
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