Author: News Room

Meta is weighing major layoffs as it pours billions into AI

Meta is gearing up for possible layoffs as it pours billions into AI, two senior employees familiar with the matter told Business Insider.The sources said that some managers have been asked to prepare cost-cutting plans but were not told their scope or timing.Reuters, which first reported about the potential layoffs…

One of the ‘Finest Boys in Finance’ no longer works at PwC

One of the “finest boys in finance” — whose splashy magazine spread last week was the talk of Wall Street — is no longer with his firm.In a statement to Business Insider, PwC confirmed that former associate Demarre Johnson is “no longer an employee and left the firm in mid-February.”Johnson…

How Paying Off Your Mortgage Early Can Affect Your Taxes

Paying off your mortgage early saves you money on interest but it can also change your tax situation. Once the mortgage is gone you lose the mortgage interest deduction, which may reduce the total amount you can itemize on your tax return. That could mean a higher taxable income than…