Morning Wire Friday Afternoon Update | 1.6.23
Jan 6, 2023
This edition dives into the latest headlines, featuring major job cuts from leading companies and updates on crucial congressional votes. A teenage pilot's daring emergency landing steals the spotlight, while a former congressman transitions to commentary. And if that's not enough, the ever-growing Mega Millions jackpot adds a thrilling twist. Buckle up for an informative drive home!
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Tech Layoffs
- Amazon is cutting 18,000 jobs due to economic uncertainty and overhiring.
- Salesforce is also laying off 10% of its workforce.
Bed Bath & Beyond Struggles
- Bed Bath & Beyond is struggling financially and warns of potential bankruptcy.
- The company's sales dropped by a third compared to the previous year.
Speaker of the House Vote
- The House of Representatives held its 12th and 13th rounds of voting for Speaker, the longest stalemate since before the Civil War.
- Kevin McCarthy gained momentum but fell short, with some GOP holdouts now supporting him.