Matty Merritt

Chicago

Senior Writer at Morning Brew

I AM FROM NEBRASKA AND I ALWAYS HAVE A LOOSE BAG OF IBUPROFEN IN MY BACKPACK.

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Articles

The themed cruise industry is booming

5 days ago | morningbrew.com | Matty Merritt

For a couple grand, you can finally talk about off-loom beading for four days straight with a continuous stream of piña coladas coming at you. The cruise industry has more than rebounded from the pandemic, with a record 19 million Americans expected to set sail this year. And a growing number of them are opting for niche, themed cruises. There’s a cruise for thatThese days, it’s more a question of what there isn’t a cruise dedicated to than what there is.
AI CEO says the tech could replace 50% of entry-level jobs

6 days ago | morningbrew.com | Matty Merritt

Surely a bot can’t spend a full morning deleting emails and call it a day by 3pm…or can it? The billionaire CEO of Anthropic, Dario Amodei, told Axios this week that AI could eliminate 50% of all white-collar, entry-level roles within the next one to five years, potentially pushing unemployment rates up 10% to 20%.
There are 500,000 more people selling their homes in the U.S. than those looking to buy them

1 week ago | fortune.com | Matty Merritt

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There are 500,000 more people selling their homes in the U.S. than those looking to buy them

1 week ago | flipboard.com | Matty Merritt

There are 500,000 more people selling their homes in the U.S. than those looking to buy themIt’s a buyer’s market…sort of. Last month, there were about 500,000 more people selling homes in the US than there were people trying to buy them, …
Homesellers outnumber buyers, but everything is still expensive

1 week ago | morningbrew.com | Matty Merritt

It’s a buyer’s market…sort of. Last month, there were about 500,000 more people selling homes in the US than there were people trying to buy them, according to a report Redfin released yesterday. This is the biggest gap between buyers and sellers since the real estate company started collecting data in 2013. And while the new numbers look pretty good for anyone thinking of lowballing on a 2-bed, 2-bath ranch, taking more data into consideration complicates things.
McKinsey's headcount is down more than 10% in the past 18 months. That's the biggest loss in the consulting firm's history

1 week ago | fortune.com | Matty Merritt

Don’t call them layoffs, just call them a strategic decrease in everyday attendance. McKinsey & Company’s headcount has dropped by more than 10% in the past 18 months—the largest in the consulting firm’s history. Following mass layoffs at Deloitte and Booz Allen Hamilton, the job eliminations at McKinsey are the latest upheaval in an industry that raced to hire during the pandemic. At the end of 2023, McKinsey had about 45,100 employees, up from 34,000 in 2020.
McKinsey’s headcount is down more than 10% in the past 18 months. That’s the biggest loss in the consulting firm’s history

1 week ago | flipboard.com | Matty Merritt

McKinsey’s headcount is down more than 10% in the past 18 months. That’s the biggest loss in the consulting firm’s historyDon’t call them layoffs, just call them a strategic decrease in everyday attendance. McKinsey & Company’s headcount has dropped by more than 10% in …
McKinsey’s headcount drops more than 10% in 18 months

1 week ago | morningbrew.com | Matty Merritt

Don’t call them layoffs, just call them a strategic decrease in everyday attendance. McKinsey & Company’s headcount has dropped by more than 10% in the past 18 months—the largest in the consulting firm’s history. Following mass layoffs at Deloitte and Booz Allen Hamilton, the job eliminations at McKinsey are the latest upheaval in an industry that raced to hire during the pandemic. At the end of 2023, McKinsey had about 45,100 employees, up from 34,000 in 2020.
Southwest Airlines will charge $35 for first checked bag

1 week ago | morningbrew.com | Matty Merritt

Toss an AirTag on that duffle and write your phone number really big, because “Bags fly free” is officially dead. Southwest Airlines will begin charging $35 for your first checked bag on flights starting today, marking the official end of the company’s longtime policy offering flyers free luggage. Some more details:A second bag will cost you $45. Members of the airline’s highest loyalty level will still get two free checked bags.
OnlyFans in talks for sale to US firm with valuation of $8b

1 week ago | morningbrew.com | Matty Merritt

The owner of London-based OnlyFans, the creator platform most of your friends would claim they’ve only “heard of,” is exploring a sale to a US investor group that could value the site around $8 billion, unnamed sources told Reuters and other news outlets. The site, which gained popularity during the pandemic, has become a media behemoth, racking up 4.1 million creators and 305 million users as of 2023. OnlyFans makes money by taking a 20% cut from those creators’ earnings.