Relevant Press
“Economists had expected the economy to add 210,000 jobs and the unemployment rate to
tick up to 3.6 percent. The range of forecasts by economists surveyed by Econoday was between a gain on payrolls of 125,000 to 250,000. On unemployment, the range of forecasts was for 3.5 percent to 3.7 percent.”
Twitter’s mass layoffs have begun - Tech Crunch
“According to an internal memo sent to Twitter employees, the new management under Elon Musk will begin conducting layoffs Friday morning. These layoffs have been rumored since before Musk’s takeover, with the most recent report estimating that half of the 7,500 employees will lose their jobs.”
“Twitter began offering one companywide paid rest day per month, in addition to normal paid time off, during the early days of the COVID-19 pandemic. The policy was meant to help reduce burnout among staffers.”
“‘Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,’ Musk tweeted.”
Twitter employees file lawsuit claiming mass layoffs violate federal law requiring notice - Fox Business
“A class-action lawsuit was reportedly filed against Twitter on Thursday on behalf of workers claiming the company’s intended layoffs violate a federal law requiring 60 days notice for employees.”
Over a Million Twitter Accounts Have Been Removed or Suspended Since Musk’s Takeover - The Epoch Times
“It appears that more than a million Twitter accounts have been deactivated or suspended since Elon Musk took over the company last week. Further, many of the social media company’s top executives were fired or have quit from the company, while Musk said that he would start laying off 50 percent of the workforce on Nov. 4.”
“Fresh signs of weakness in the tech industry, more rounds of sweeping job cuts and hiring freezes. Amazon shares lower as it pauses corporate hiring in anticipation of an economic slowdown. In the ride-hailing space, also Lyft cutting 13% of employees, which amounts to roughly 680 workers.”
RedBalloon in the News
How Elon Musk's Takeover Is Inspiring Business To Fight Back Against WOKE Cancel Culture!! - Turley Talks
“I think you’re going to see red states continue to win and blue states continue to lose until they change their policy.” - Andrew Crapuchettes.
The Daily Red Alert is a collection of stories that relate to the issues of freedom in the workplace, business, and the US economy.
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