How are you holding up, Hacker? You know it was a crazy week in news when is only the 3rd worst billionaire of the week. Fighting for number 2 and 1, we have: a billionaire who botched his total net worth by 94% in one single day, screwing over entire industry and ; and another billionaire who really didn’t want to buy a company for $44 billion, so much so that he’d rather . And it's only Thursday 🤯 a billionaire putting 11,000 people out of work forcing his company into bankruptcy watch it burn Have some #opinion re/ the news this week? Let us know via . this template Mass Tech Layoffs https://www.linkedin.com/posts/annekapatel_layoffs-opentowork-communications-activity-6996211224925417472--10d?utm_source=share&utm_medium=member_desktop?embedable=true So it happened. The bubble bursted on tech. Companies big & small which have overhired for 2 years during the pandemic, . This week, Meta joins a growing list of Silicon Valley companies in enforcing mass layoff (11,000 people, or roughly 13% of its workforce). big are now forced to make big cuts due to shrinking revenue and looming recession If you happen to be affected by these mass layoffs - here's our advice for you: ! Many of our writers use HackerNoon stories as personal portfolios to apply for a job or even fundraise. So can you ⬇️⬇️⬇️ one of the hundreds of thousands of tech workers NOW is the time to get (back) into writing Reflect on Your Career Journey Today. Use to share your Tech-Layoff Story. this Template A Sad Story for Crypto https://twitter.com/cz_binance/status/1590463239925944320?s=20&t=8U1QK7Cjj1-Vx4wSt9_YpQ?embedable=true The biggest news of the week goes to the rapid & massive downfall of the world's 2nd biggest crypto exchange, FTX and its billionaire champion, Sam Bankman-Fried (SBF, aka ex-crypto king), at the ( ) hands of the (undoubtedly now) biggest crypto exchange, Binance, and its CEO CZ. At HackerNoon, we have published on this rapidly developing story; however, we need input. What could this story could mean for the future of crypto and blockchain as a whole? Is FTX downfall the Lehman Brother of crypto? Did Binance CEO CZ orchestrate this whole thing? alleged some articles YOUR What’s YOUR take on FTX vs. Binance vs. The Future of Crypto? Share . here Elon’s Twitter. Location: Hell https://twitter.com/ParikPatelCFA/status/1590835337265549313?s=20&t=eN-kYEeKYgDs-sl6hioibQ?embedable=true Lastly, Elon Musk strikes again. Yup, the world's richest man's actions this week really made us all wonder why tf did he become so rich in the first place, and bursted the myth of (any) correlation between talent and wealth. After reluctantly forced to buy Twitter for a whopping 44 billion dollars (which, btw, CZ, the Binance CEO, 👀), Elon marched into Twitter HQ with a sink, fired half of its workforce over an unsigned email, launched/re-launched then unlaunched a half-baked subscription service for 8 dollars, then announced in an emergency all-hands yesterday that "bankruptcy isn't out of the question", all the while, tanked valuation of the company from . was also in on 44 billions to 8 billion in less than 2 weeks Read that again. We also wouldn't oppose to you screenshoting the above paragraph to motivate you whenever you think you are having a bad week. But you know what you can always do? ⬇️⬇️⬇️ Write on HackerNoon Today Until next time - this has been HackerNoon’s Writers Note

This story contains new, firsthand information uncovered by the writer.

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