Twitter cancels company-wide trip to Disneyland due to cost cuts

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  • Twitter has canceled a company-wide trip to Disneyland that was scheduled for January 2023.
  • The Twitter CEO told staff last month that he was limiting travel and consultancy spending.
  • Twitter’s decision comes amid a downturn in the tech industry and ahead of a show of hands meeting with Elon Musk.

Twitter canceled a company-wide trip to Disneyland scheduled for January 2023 due to cost-cutting measures, the company confirmed to Insider. Bloomberg reported the news for the first time.

“We have made the difficult decision not to move forward with our OneTeam gathering in 2023 and are limiting domestic and international business travel to critical business purposes only,” a Twitter spokesperson wrote in an email. -email Insider. The rally was last held in early 2020 in Houston for all employees worldwide.

“Reducing travel and event costs allows us to operate more responsibly and efficiently, given the global macroeconomic environment we currently face,” the spokesperson said.

Twitter’s cancellation of employee travel comes amid a downturn in the tech industry as companies slow hiring and lay off staff.

Twitter’s decision also preceded a show of hands Thursday with Elon Musk, who launched a $44 billion takeover bid for the company. Musk reportedly suggested cutting staff, monetizing tweets, and cutting executive and board salaries to boost Twitter’s bottom line.

Twitter froze most of its hiring last month. CEO Parag Agrawal told employees in a memo that the company would rescind some job openings and limit travel and consultancy spending.

Twitter employs over 7,000 people worldwide.

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