Elon Musk scraps days off for Twitter employees

Published

2 years ago

November 4, 2022

Elon Musk scraps”days of rest” for Twitter employees in his latest shakeup since becoming ‘Chief Twit’

Elon Musk scraps Twitter’s so-called “days of rest” for employee are no more, as he continues to make his mark on the tech giant.

The Covid policy gave each staff member a day off per month, in addition to normal paid time off.

It was designed to help reduce burnout among employees as the pandemic took its toll.

But sources now say Musk has black-lined this policy, with the change just the latest indication that the Tesla boss wants to set new standards for Twitter’s internal culture.

Twitter is simply the most interesting place on the Internet. That’s why you’re reading this tweet right now.
— Elon Musk (@elonmusk) November 2, 2022

Musk is also reportedly planning to lay off around half of the company’s 7,500 employees, with impacted workers expected to be notified by Friday.

This move was expected with revelations Musk is concerned he had overpaid for the company.

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending