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A homeowner who could face losing his property because increasing mortgage costs are set to outgrow his benefits allowance fears “a bloodbath” of repossessions.Nicholas Wilson, from Hastings, East Sussex, could face losing his home after struggling to afford his mortgage payments, which he says have almost doubled since February.The 65-year-old, who is awaiting a diagnosis for suspected cancer, said it is “impossible to even contemplate” the stress of losing his home and warned of the mental health impact on mortgage holders amid rising costs.“There’s going to be suicides as for some people that will be the only way out,” he...
Meta CEO Mark Zuckerberg told employees on Thursday that the company is enacting a company-wide hiring freeze and warned them that more downsizing is likely coming. First reported by Bloomberg’s Kurt Wagner and confirmed by sources to The Verge, the comments made during an internal all-hands call show how Meta is responding to a decline in its revenue brought on by the slowing global economy and Apple’s ad tracking changes. Meta’s stock price has fallen by more than half this year.