Twitter has prevented the company from traveling to Disneyland to reduce costs

Obviously, one of the perks of working for a tech giant like Twitter is a corporate trip to Disneyland.

Anyway, it was used that way. The microblogging site has reportedly canceled a planned trip to the Magic Kingdom in January 2023.

This decision appears to have been taken as a cost cutting measure due to the current economic situation.

A Twitter spokeswoman said in a letter to insiders: “We have made the difficult decision not to proceed with the OneTeam rally in 2023 and limit domestic and international business travel to critical business purposes only.”

Due to the delay of the pandemic, the final meeting of said global staff was held in Houston in early 2020. The event planned for this summer in New York has also been cancelled.

“Given the global macroeconomic environment we face today, reducing travel and event costs will allow us to act more responsibly and efficiently,” said an insider spokesperson.

The canceled trips are not surprising, as the tech industry downturn has forced companies to delay hiring and lay off staff.

The social media giant, which employs more than 7,000 people, froze most of its jobs last month.

CEO Parag Agrawal told employees the company would cancel some jobs and cap travel and consulting costs.

Twitter’s move comes ahead of a comprehensive meeting that will likely speak to Twitter staff for the first time since Elon Musk won the bid to buy the company in April.

Twitter employees learn about their potential new bosses at company-wide meetings, where they take questions directly from employees.

“Work ethic expectations will be extreme,” Musk said as soon as he took over Twitter.

Last week, Musk threatened to close a $44 billion ($3.535 billion) deal to buy the company if it refused to provide information on the number of spambot accounts on the platform.

Twitter has since agreed to allow Mask access to the Twitter feed the millionaires wanted, so the sales appear to be continuing.