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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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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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Alphabet Cut Off Workers From Pay Transparency Data, Union Says

In a filing Thursday, the Alphabet Workers Union claimed that Alphabet and two of its staffing vendors violated federal labor law, which protects employees’ right to discuss their working conditions and organize. By withdrawing workers’ access to an online spreadsheet comparing pay rates, the companies “interfered with, restrained and coerced” the employees, the complaint claims.

Key Takeaways From Fed Decision to Raise Rates 75 Basis Points

The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Saturday, Nov. 20, 2021. The Federal Reserve looks on course to consider a more rapid drawdown of its mammoth bond-buying program just weeks after it instituted a plan to scale the purchases back in a methodical manner.” />Here are key takeaways from the …

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Asian Stocks Edge Higher Before Central Bank Moves: Markets Wrap

Still, strategists including JPMorgan Chase & Co.’s Marko Kolanovic believe the Fed’s aggressive hiking is nearing an end, providing the prospect of relief for markets. The US will likely raise rates by 50 basis points in December and pause after one more 25-basis-point hike in the first quarter, he said.