Yahoo said Thursday that it will cut 20% of its total workforce, just the latest example of the layoffs spreading throughout the tech and media industries. Meanwhile, News Corp – parent of the Wall Street Journal – is slashing its workforce by 5%.
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Raleigh is America’s fourth best “emerging” real estate market, a new study from the Wall Street Journal and Realtor.com finds. And Burlington, N.C. and Durham, N.C. appear in the Top 20, as well.
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Wages are growing in North Carolina’s Research Triangle, the report noted, at around 5 percent compared to the national average of 3.6 percent. Job growth is also strong at 3 percent, but the unemployment rate — 3.6 percent last year — was only slightly below the national average.
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According the Wall Street Journal which spoke with “people familiar with the matter,” shared office-space firm WeWork co-founder Adam Neumann sold some of his stake through a mix of stock sales and debt.
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