According to Bloomberg, the move to save cash does not include job cuts. Instead, Twitter is focusing on allowing employees to work remotely.
RELATED: Elon Musk loses fight to delay Twitter's lawsuit against him as judge sets October trial
Bloomberg obtained an email sent to employees Wednesday morning. It says Twitter will significantly decrease its corporate presence in San Francisco by vacating an office on Tenth Street -- directly behind the Market Street headquarters.
As far as its plans to open an office across the Bay in Oakland? That idea is now also off the table.
The company is looking to maintain but re-size the footprint of offices in Tokyo, Mumbai, New Delhi, Dublin, New York, and San Francisco. It's also considering closing offices or offering alternative workspaces in Seoul, Wellington, Osaka, Madrid, Hamburg, Sydney and Utrecht.
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According to a Twitter spokesperson: "We are evaluating our global office portfolio and re-sizing certain locations based on utilization. We've proven we can operate our business successfully with a distributed workforce over the years, and remain committed to our employees, our customers, and the markets we serve. These decisions do not impact our current headcount or employee roles, and we'll continue to support and regularly meet with our customers to help them launch something new and connect with what's happening on Twitter."
This comes after a Delaware judge set an October trial as Elon Musk lost a fight to delay the social media giant's lawsuit against him for backing out of a deal to buy it.
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