November 24, 2022

Twitter is reportedly failing to pay some suppliers amidst cost-cutting measures – Yahoo News Australia

Elon Musk is refusing to pay hundreds of thousands of dollars in travel bills accumulated by Twitter employees before he took over the company, The New York Times has reported. The company is on a drastic cost-cutting campaign and Musk has reportedly issued orders to slow or even halt payments to vendors and contract services. The move has sparked complaints from Twitter insiders and vendors who are owed millions of dollars in back payments.
Musk brought in allies from Tesla, his family office and The Boring Company with the directive to “cut, cut, cut,” according to the article. As such, Twitter is asking staff to review, renegotiate or even not pay some outside vendors, according to NYT‘s sources. Some areas under review include computing costs, travel, software services, real estate and even in-office cafeteria food.
Twitter is reviewing partnerships with sports leagues like the NFL and NBA, along with media companies including Condé Nast and Fox. It’s also trying to renegotiate deals with tech firms like Amazon and Oracle that provide computing services. In addition, corporate credit cards have been shut off, free lunches eliminated and expense report payments delayed. And the company has reportedly not delivered checks previously promised to charitable organizations.
Musk took on $13 billion in loans as part of his acquisition of the social network, with interest payments supposedly amounting to $1 billion each year. He has told employees that the “economic picture ahead is dire” and “bankruptcy is not out of the question.” Twitter has slashed half of its 7,500-strong work force, seen mass resignations and reportedly terminated a majority of its contractors, many of whom worked on policing content.
Jezael Melgoza/UnsplashIt’s late November, which means the holiday sales period has well and truly begun. If you haven’t already seen your spending go up, the possibility is looming. And you probably have some concerns about spending your money wisely. Furthermore, shopping can be a harrowing experience, and our attitudes towards money are tied up in all kinds of feelings. Based on psychology, here are three tips to improve the way you spend your hard-earned cash this holiday season. Read more:
A worried resident captured someone appearing to be delivering a box in the act of trying to open a door. Find out what happened.
Billions of dollars in election commitments have been accounted for as Victoria's major parties spruik their credentials to run the state's finances for the next four years.Labor promised no new taxes to cover the cost of its 81 election commitments but gave no exact timeline for the rollout of cash for more than $5 billion worth of initiatives.
Turkey's President Recep Tayyip Erdogan has vowed to order a land invasion of northern Syria targeting Kurdish groups, amid years-long border violence and repeated Turkish incursions.Turkey has launched a barrage of air strikes on suspected militant targets in northern Syria and Iraq in recent days, in retaliation for a deadly November 13 bombing in Istanbul that Ankara blames on the Kurdish groups.
Seven of eight recommendations were accepted by the federal government after Rio Tinto blew up the 46,000-year-old Juukan Gorge caves in 2020. Source: APH
Injured workers, union members and Labor politicians have rallied outside the Sydney office of NSW Premier Dominic Perrottet, calling the government a "disgrace" and demanding it clean up the state's embattled public insurer.Injured worker Fred Smedes tried to deliver a letter to the premier on Thursday, but was turned away by the building's concierge.
A Virgin passenger is furious after travellers were left without anywhere to stay when their flight was redirected to four-and-a-half hours away.
US stocks rallied on Tuesday in light trading volume as a sales forecast by Best Buy dampened concerns high inflation would lead to a dismal holiday shopping season while a bounce in oil prices helped lift energy shares.Best Buy Co Inc shot up as the best performing stock on the S&P; 500 index, after the retailer forecast a smaller drop in annual sales than previously announced and expressed confidence a ramp up in deals and discounts will entice more customers.
Neighbours jumped into action when a kitchen exploded in a Perth suburb, leaving a man severely injured. Find out more.
The teen was unrecognisable due to her injuries which later claimed her life. Credit: CBS News
Scuffles have broken out between soccer fans at Melbourne's Federation Square as Australia lost to France in the World Cup.Bottles were thrown at a couple of people wearing French shirts early on Wednesday morning, while video posted to social media shows punches between spectators.
The influential sister of North Korean leader Kim Jong-un has warned the United States that it would face "a more fatal security crisis" as the US pushes for United Nations condemnation of the North's recent intercontinental ballistic missile test.Kim Yo-jong's warning came hours after US ambassador Linda Thomas-Greenfield told an emergency meeting of the UN Security Council that the US will circulate a proposed presidential statement condemning North Korea's banned missile launches and other de
Amie Walton had been battling through a devasting cancer diagnosis when she woke to find her partner, and father of her children had died suddenly. Read their story.
Barack Obama is heading down under to share leadership tips on a speaking tour to Australia.The former US president, who served in the top job from 2009 to 2017, will sit down in Sydney and Melbourne in March next year for "An evening with President Barack Obama".
'Tonight a family will most likely lose their daughter,' she told her partner after her shift. Then police arrived at her home with the tragic news.
ShutterstockLast week ABC journalist and physician Norman Swan suggested the heart attacks of two high profile people over the past year were unlikely to be a coincidence. The suggestion was that it was too unlikely two people in their 50s died of heart attacks after being infected with COVID for these events not to be connected. However, without access to any other information about the health of these people, there was no basis for making this connection. And it later emerged one of the two ma
Malaysia's king has called a special meeting of his fellow hereditary sultans to discuss who should be prime minister as an unprecedented post-election crisis entered its fourth day.The king is due to pick a new prime minister after the leading contenders – opposition leader Anwar Ibrahim and former premier Muhyiddin Yassin – failed to secure enough support for a majority following a Saturday election that produced an unprecedented hung parliament.
A young man fatally stabbed during a street brawl in central western NSW has been remembered in court as a "peacemaker" with a gentle soul.Shelby Stanley, 21, on Thursday faced a NSW Supreme Court sentencing hearing over the manslaughter of his step-cousin Bradley Stanley, who died after being stabbed in the early hours of January 3, 2021, in the town of Wellington.
Air-conditioning will finally be expanded to every cell at a remote West Australian prison where temperatures have exceeded 50C.The units will be installed across Roebourne Regional Prison in the 2023-24 financial year and cost more than $10 million, Corrective Services Minister Bill Johnston says.
A teal campaign to defeat NSW Environment Minister James Griffin in the plum seat of Manly has the support of the last person to usurp a Liberal in the Sydney beachside electorate.Manly doctor Peter Macdonald, who tore Manly from Liberal hands in 1991, sparking a 16-year run for independents, says conditions are ripe for another switch away from the major parties.

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