Insider Today: Leaked memo reveals Google is laying off hundreds more employees

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Hello! I have a tough time keeping up with the latest fashion, to put it mildly. So this rundown of what’s in and out regarding pant trends was helpful, albeit a bit overwhelming. (Where does one get metallic pants?)

Here’s what to know today:

Markets:

Before the opening bell: US stock futures fall early Wednesday after the latest economic reports from China failed to cheer the market.

• Jim Chanos still has a bone to pick with Elon Musk. The famous short-seller, who has consistently bet against Tesla, said Musk was being “outrageous” for requesting more control at the EV maker. But Chanos isn’t the only one raising concerns, as Wedbush’s Dan Ives wrote Musk’s comments created a “firestorm” for Tesla .

Tech:

• Leaked memo: Google is laying off hundreds more employees. The search giant is laying off swaths of employees in its ad-sales team. Philipp Schindler, Google's chief business officer, announced the job cuts in a memo obtained by BI .

Business:

• You can’t talk about the housing shortage — or runaway home prices — without boomers on the brain. As the generation ages, its vast real-estate portfolio poses a question: What happens when boomers die ?

Written by Dan DeFrancesco and Diamond Naga Siu .

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