
The PayPal co-founder predicts that Elon Musk has started a great reckoning
As the cheap money era draws to a close, perhaps no industry has been worse affected than the tech sector. Last year, there were nearly 100,000 job cuts — an astonishing 649% increase from the nearly 13,000 tech jobs that were cut in 2021. And this year the picture doesn’t look much rosier: from Apple to Amazon (which cut a further 18,000 employees this week), job cuts are happening across the board.
So where does this leave Twitter’s new chief, Elon Musk? Like other tech CEOs, the entrepreneur has announced a significant reduction to his new workforce, with reports suggesting that as much as 75% of employees are leaving. But astonishing as this figure may seem, Twitter has actually grown in activity and downloads under its new leadership. What could explain this?













Macron proposed an ‘erect phallus with golden balls’ as the new spire for the Notre Dame cathedral in Paris, the former culture minister has claimed.