Mr. Musk and his advisers are examining all types of expenses at Twitter. Some of the social media company’s vendors have gotten stiffed.
Category: Layoffs and Job Reductions
-
Are the Federal Reserve’s Rate Increases Working?
The New York Times – Business:The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
-
Hundreds of Twitter Workers Quit as Musk Demands Loyalty
The New York Times – Business:Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment.
-
Why Office Buildings Are Still in Trouble
The New York Times – Business:Hybrid work, layoffs and higher interest rates are leaving lots of office space vacant and hurting the commercial real estate business.
-
Amazon Is Said to Plan to Lay Off Approximately 10,000 Employees
The New York Times – Business:The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources.