Elon Musk is on a mission to save Twitter. The unprofitable company has lost money in 10 of the past 12 years. What stands in his way? It seems like the U.S. labor market is not getting the memo from the Federal Reserve. The new jobs report still shows a robust jobs market. The Fed’s latest…
NTD Business (Nov. 4): Can Musk Save Twitter? Card Holders to Pay $5B More in Interest w/ Rate Hikes
Twitter Faces Uncertain Future as Top Managers Leave and Rumors of Job Cuts Swirl
With Elon Musk taking over Twitter, top managers of the company are reportedly exiting the firm, and there are rumors of large layoffs. Sarah Personette, the chief customer officer of Twitter, for example, resigned from her post on Oct. 28. Her work access was officially cut off on Oct. 31. Nick Caldwell, general manager for…
Labor Economist: Job Market Remains Tight; Twitter Laying Off 1/3 of Its Talent Team | NTD Business
Twitter is laying off a third of its recruiting team after saying it was just going to pause hiring. Why is it cutting jobs now? The United States adds more jobs than expected in June despite recession fears. Which sectors did well? And what’s the outlook for the economy? German renters are bracing for a cold…
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