Friday, January 6, 2023

Twitter hasn't paid severance to employees Elon Musk fired

Elon Musk completed his acquisition of Twitter in late October, and his first order of business was to fire half of the workforce. These sacked employees were expected to receive severance, but it appears they are still waiting for the same. Last year on November 4, Musk fired half of the employees across different teams and regions, and the firing continued for several weeks. Out of these 3,500 employees, 1,000 were posted in California, as per the documents filed with the state. https://ift.tt/vYQD3tK

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Shanghai's tech-focused Star 50 index is up 29% in 2026, and its P/E ratio is 150+, above Nasdaq 100's 35, fueled by Beijing's tech push and an investor frenzy (William Sandlund/Financial Times)

William Sandlund / Financial Times : Shanghai's tech-focused Star 50 index is up 29% in 2026, and its P/E ratio is 150+, above Nasdaq...