Cost-cutting | Twitter saves money by axing staff trip to Disneyland, but at what cost to morale?

Twitter has cancelled a company-wide trip to Disneyland in a bid to stave off the effects of the global economic struggles.

The social media giant had planned the huge meet-up at California’s Disneyland Resort in January 2023 but, amid financial concerns, has pulled the plug. Another company event which was due to take place this summer in New York has also been cancelled, and strict limits on business-related travel for employees have also been imposed.

“We’ve made the difficult decision to not move forward with our OneTeam gathering in 2023, and are limiting domestic and international business travel for business-critical purposes only,” a Twitter Spokesperson told Insider.

“The reduction of travel and event costs allow us to operate in a more responsible and efficient manner, considering the global macroeconomic environment we’re currently facing,” the Spokesperson added.