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☆ Amazon, Meta, and other big tech firms have entered the 'Great Hesitation' — cutting hiring and other costs in fear of an economic downturn
▼ + stars: | 2022-10-16 | by ( Rob Price | Eugene Kim | ) www.businessinsider.com time to read: +10 min

Leaders at large-cap tech companies are in an anxious waiting game, battening down the hatches as they prepare for the storm to hit. Some tech firms will be hurt moreAmong the biggest players in the tech industry, the impacts of a crash will not be felt evenly. "I look at these large tech companies, and over the last couple of years, obviously money's been free, everything got bloated, and all these tech companies — excluding Apple — have effectively doubled their head count over a three-year period, right? Beyond head count, tech companies are cutting back on extras, imperiling their famously lavish meal options. The largest tech companies are also signaling their anxiety by trimming budgets for their more experimental businesses and research projects.

Trying to salvage his summit at Doral, Trump himself phoned the group at Camp David, and the moderates gave the president an earful as well. That fall, Bade and Demirjian write, House GOP Leader Kevin McCarthy and House GOP Whip Steve Scalise had desperately tried to hold the line and keep Republicans unified against Democrats' first impeachment probe into Trump. That weekend at Camp David, Bade and Demirjian write, moderate Republicans "charged the president’s chief of staff like a pack of wolves." Mulvaney had suggested to his boss inviting a group of wavering Republicans to Camp David. “We don’t want to have to defend you on this,” Wagner told him, suggesting that he host the G-7 at Camp David.

☆ The pound just plunged to an all-time low against the dollar. Here's why the promise of tax cuts tanked the British currency.
▼ + stars: | 2022-09-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

It plunged on fears impending tax cuts will worsen inflation and prompt faster interest-rate hikes. The UK economy is already battling slower growth and a cost-of-living crisis. On Sunday, Kwarteng hinted there could be even more tax cuts coming. His tax cut plan is aimed at boosting the ailing UK economy and reducing the risk of a severe recession. Some investors don't believe the impending tax cuts will be fully-funded, meaning the UK government's debt pile will grow.

☆ Florida Gov. Ron DeSantis dangles numerous tax cuts on everything from pet food to baby supplies ahead of November reelection bid
▼ + stars: | 2022-09-20 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Ron DeSantis has proposed an additional $1.1 billion in tax cuts presented weeks ahead of his November reelection bid. He promised to announce more tax cuts in the weeks ahead. Still, some of the tax cuts DeSantis is proposing come on items that families find essential and that they'd likely buy with or without a tax break. Florida is one of nine states that doesn't have a state income tax, and tax cuts are typically a major part of GOP platforms. DeSantis first previewed the proposed tax cuts during a press conference at the end of August.

☆ Elon Musk subpoenaed Stanford, which he attended for 2 days back in 1995 before dropping out, over an 'email account,' according to his lawyer
▼ + stars: | 2022-09-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk's legal team subpoenaed Stanford University on Wednesday in its Twitter court battle. Alex Spiro, Musk's attorney, told Insider the legal team was requesting "information regarding an email account" because "Twitter is hiding stuff." Spokespeople for Twitter and Stanford University did not respond to a request for comment ahead of publication. "As far as I know, neither does Stanford," Professor William Nix told The Stanford Daily. Most recently, Musk's legal team is attempting to amend its initial counterclaims against Twitter's lawsuit and delay the trial.

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☆ Here's what Twitter employees can expect of Elon Musk's approach to management and leadership after the company accepted his $44 billion takeover offer
▼ + stars: | 2022-04-28 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Twitter has accepted Elon Musk's $44 billion offer to buy the company, it announced on Monday. The takeover will spell big changes for Twitter users, but also for employees of the company. What can Twitter employees expect to see when Musk takes charge? But in 2018, current and former Tesla employees told CNBC that Musk's micromanagement cost the company time and money. The same year, Tesla employees told Insider that Musk could be demanding and unpredictable.

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