X has put most of its SF HQ up for sublease

X, formerly known as Twitter, is looking to sublease a significant portion of its San Francisco headquarters. The company has put up about 70% of the space it leases in its headquarters complex for sublease, including a substantial portion in its iconic headquarters building. This move follows Elon Musk's acquisition of the company, which led to mass layoffs and a decrease in the number of full-time employees. X has hired JLL to find a tenant for the excess space it has made available. The decision to sublease comes amidst a challenging period for the company, marked by lawsuits related to unpaid rent and a decline in advertising revenue. The move also reflects the broader trend of office vacancies in San Francisco, with the city's office vacancy rate reaching a record high. X's decision to sublease its headquarters space may indicate a potential shift in its headquarters location, following Musk's previous relocation of Tesla's headquarters to Austin, Texas.