DailyBusinessNews.com

December 2, 2022

After weeks of massive layoffs at Twitter, Elon Musk is turning the corner and looking to hire again for roles in sales and engineering. 

Meanwhile, civil rights groups are calling for advertisers to boycott Twitter over Musk’s recent decision to reinstate former President Trump on the social media platform. 

This is Hillicon Valley, detailing all you need to know about tech and cyber news from Capitol Hill to Silicon Valley. Send tips to The Hill’s Rebecca Klar and Ines Kagubare. Someone forward you this newsletter?

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“In terms of critical hires, I would say people who are great at writing software are the highest priority,” Musk said during the meeting, according to The Verge. 

Legitimate users could lose their verified checkmarks because they choose not to pay, allowing other accounts to deceptively use their information under the guise of a blue check. 

The company said in its fourth quarter fiscal reports that the staffing reduction will result in annualized gross run rate savings of around $1.4 billion over the next three years, and incur about a billion dollars in costs, with $600 million of the latter amount coming in fiscal 2023. 

Tech companies like HP have been turning to layoffs amid soaring inflation and mounting fears of a global recession. 

Shares were up roughly 2 percent on news of the extension. 

DWAC, a so-called “blank check” company created to merge with a technology company, faced liquidation if it didn’t win approval to extend the deadline.  

TMTG needs the cash from the acquisition firm to go public. The merger could result in around $1 billion in funding. 

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Soaring 81 miles above the lunar surface, the spacecraft passed over the historic Tranquility Base — the site of the Apollo 11 moon landing — and into the history books.  

Snapping views of Earth and the moon, the capsule completed its flyby and one of its two biggest maneuvers of the mission, setting up for a record-setting milestone: traveling more than 40,000 miles beyond the far side of the moon.

When the spacecraft reaches this distance, it will break a record set by the Apollo 13 crew and reach the furthest distance a human-rated spacecraft has ever traveled.   

“We are setting up to orbit beyond the moon,” Mike Sarafin, NASA’s Artemis 1 mission manager said during a press conference on Monday. “Called a distant retrograde orbit, today was our largest propulsive event of the mission to set us up for that.” 

That’s it for today, thanks for reading. Check out The Hill’s Technology and Cybersecurity pages for the latest news and coverage. We’ll see you tomorrow.

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