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Internal email reveals when Twitter will make job cuts

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Twitter employees will soon know their fate, the social media platform will inform its staff on Friday about whether they will be laid off

Twitter says the cuts are “an effort to place Twitter on a healthy path” following the firm’s takeover by billionaire Elon Musk.

According to an internal email, twitter says it’s going through a difficult process of reducing its global workforce.

“We will go through the difficult process of reducing our global workforce on Friday,” Twitter said in the email.

The firm added that its offices would be temporarily closed and badge access would be suspended.

“to help ensure the safety of each employee as well as Twitter systems and customer data”.

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

Elon Musk continues to make his mark on the tech giant, but has a huge task ahead of him

Tech expert Dan Ives joined TICKER earlier and says handing over billions of dollars was the easy part for Musk.

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Why the meme-stock frenzy is unlikely to repeat

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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

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Why are airlines after the Biden Administration?

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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

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The mounting pressure on Government spends

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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

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