Elon Musk has announced that X, formerly known as Twitter, will be closing its San Francisco headquarters. In a post on the social media platform, Musk stated that he had “no choice” but to shut down the office. The decision comes after X’s chief executive, Linda Yaccarino, sent an email to staff informing them of the closure.
Employees will be relocated to existing office spaces in San Jose and Palo Alto. Musk cited the inability to process payments in San Francisco as the reason for the move. “It is impossible to operate in San Francisco if you’re processing payments,” he wrote.
Musk announces San Francisco exit
“That’s why Stripe, Block (CashApp) and others had to move.”
This announcement follows Musk’s earlier decision to move both X and his rocket company, SpaceX, to Texas. He expressed frustration with California’s laws, particularly a recent one that prevents schools from informing parents about their child’s gender identity.
California Governor Gavin Newsom responded to Musk’s announcement on X, posting a screenshot of a 2022 post from former President Donald Trump criticizing Musk, along with the caption, “You bent the knee.”
Musk purchased Twitter for $44 billion in 2022 and has since implemented significant changes at the company, including job cuts and reduced content moderation. He also relocated Tesla’s headquarters to Texas in 2021 and is a resident of the state, which has no state-level income tax. X did not immediately respond to requests for comment from media outlets.
The closure of the San Francisco headquarters marks a significant shift for the company, which was founded in the city in 2006 and moved to its current location at 1355 Market Street in 2012.
