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Twitter’s landlord is reportedly suing the social media giant for non-payment of rent at its downtown San Francisco office.
The company owes about $136,260 in unpaid rent, according to its landlord Columbia Property Trust, which filed the lawsuit last Thursday.
Low angle view of the sign with logo on the facade of the headquarters of the social network Twitter in the South of Market (SoMa) neighborhood of San Francisco, California October 13, 2017. SoMa is known for one of the highest concentrations of technology (Smith/Gado/Getty Collection Images/Getty Images)
Twitter’s non-payment of rent was first reported last month, about a month and a half after Elon Musk acquired the company for $44 billion following a messy legal battle.
Two people familiar with the matter told the New York Times that Musk was attempting to renegotiate the terms of the lease amid mass layoffs and downsizing.
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The downsizing continued on Friday as Twitter closed its Seattle offices and cut janitorial and security services, according to The Times.
Meanwhile, cleaning and security staff at the company’s offices in New York and San Francisco have been laid off. In the latter, Musk has reduced the company’s office space from four floors to two, according to The Times.
FOX Business reached out to Twitter for comment. A spokesman for Columbia Property Trust declined to comment.
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The case is Columbia Reit – 650 California LLC v. Twitter Inc., CGC-22-603719, Superior Court, State of California in San Francisco.