Byusnewsr1-

Nov 25, 2022

California’s economic double whammy: tech, housing losses mount

California’s economic double whammy: tech, housing losses mount

Two pillars of California’s economy – technology and real estate – are looking wobbly, at best.
Think about the layoff headlines of recent days affecting California companies.
“Twitter cuts 3,700 workers.” Billionaire Elon Musk slashed staffing worldwide after he bought the San Francisco-based social media giant and found it in poor financial shape. On Thursday he told the staff a bankruptcy is…

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