News Digest – New York Times Business News

Nov. 10 (Reuters) – Here are the headlines from the business section of The New York Times. Reuters has not verified the reports and does not guarantee their accuracy.

– Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or about 13% of its workforce, in the company’s largest layoff.

— Elon Musk outlined Twitter’s business on Wednesday, discussing Twitter’s vision for processing payments, including connected debit cards and bank accounts, echoing PayPal Holdings Inc, the digital payments company he helped create.

– Real estate brokerage Redfin Corp said on Wednesday it would cut 13% of its workforce, the latest move by the firm to cut costs amid a slowing housing market.

– Forbes, which is in advanced talks to sell to a group of investors for $800 million, is nearing a deal that would give the rich and powerful chronicler a new ownership. (Compiled by Bangalore Newsroom)

Source link