Tag Archives: BUSINESS

Twitter Planning Hundreds More Job Cuts as Soon as This Week

BLOOMBERG REPORTS: Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar with the matter.

The company may cut about 8 percent of the workforce, or about 300 people, the same percentage it did last year when co-founder Jack Dorsey took over as chief executive officer, the people said. Planning for the cuts is still fluid and the number could change, they added. The people asked not to be identified talking about private company plans.

An announcement about the job reductions may come before Twitter releases third-quarter earnings on Thursday, one of the people said. A Twitter representative declined to comment.

 

 

FOR THE FULL STORY FOLLOW THE LINK   –JR

https://www.bloomberg.com/news/articles/2016-10-25/twitter-said-to-plan-hundreds-more-job-cuts-as-soon-as-this-week

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AT&T Mulls Reinvention for Web With $86 Billion Time Warner Deal

  • DirecTV parent wants to own leading Hollywood film, TV studio
  • Merger accord could be reached Sunday, announced by Monday

Time Warner Inc. and AT&T Inc. have survived the evolution of color TV and cable over the decades. Now they’re merging to adapt to the latest technological shifts: smartphones and streaming.

FOR THE FULL STORY FOLLOW THE LINK   –JR

https://www.bloomberg.com/news/articles/2016-10-22/at-t-mulls-reinvention-for-web-with-86-billion-time-warner-deal

Goldman CEO Blankfein ‘Supportive’ of Clinton for Pragmatism

Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., has shied away from publicly backing a presidential candidate this year, saying his support could harm that person’s chances.

Yet in an interview that will air Sunday on CNN’s “Fareed Zakaria GPS,” Blankfein, asked if he personally supports and admires Democrat Hillary Clinton

VIEW THE FULL STORY HERE —-JR

http://www.bloomberg.com/politics/articles/2016-10-22/goldman-ceo-blankfein-supportive-of-clinton-for-pragmatism