COS

As Tech Industry Cuts Jobs, These Are Some of the Worst Ways to Get Fired

Twitter Inc.’s mass layoffs have shocked onlookers and insiders alike, but it’s not the first company — and won’t be the last — to be seen as bungling the messy business of sacking staff. Since billionaire Elon Musk bought the social media platform for $44 billion, he fired close to 3,700 people, only to reach out to dozens soon thereafter to ask them …

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Here’s Why Elon Musk’s Talk of a Twitter Bankruptcy Is Premature

As the world’s richest man, Musk also has plenty of firepower to keep the company afloat, and he could potentially inject more cash into Twitter if things became dire. That, however, would likely require selling more shares of Tesla Inc., a threat to the electric carmaker’s stock price.

Elon Musk’s First Email to Twitter Staff Ends Remote Work

Musk said there was “no way to sugarcoat the message” about the economic outlook and how it will affect an advertising-dependent company like Twitter, according to the email reviewed by Bloomberg News. He said remote work will no longer be allowed and employees will be expected to be in the office for at least 40 …

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Russia’s Crude Shipments Hit Five-Month High Before Sanctions

Cargoes shipped from Russia rose to 3.6 million barrels a day, the highest since early June, while the less volatile four-week average was also up, reaching the most since August.The UK has followed the EU’s lead in banning its companies from providing insurance and other service to ships carrying Russian crude, unless the cargo is purchased at a price …

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Pound to Lead UK Market Suffering as BOE Flags Long Recession

The weak pound helped the FTSE 100 stock index, stacked with global exporters, to rally more than 4% this week. Still, the more domestically-focused FTSE 250 has consistently underperformed its large cap peer this year. According to Goldman Sachs Group Inc. strategists, it’s trading at the largest P/E discount against the MSCI World index since …

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