Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of our top stories.
Today marks the 21st anniversary of the September 11 attacks. I want to highlight a powerful visual feature from a photographer who covered 9/11, sharing the images he took that day, as well as the incredible stories of nine survivors. These reads are harrowing and important as we reflect on that day.
On the agenda today:
- A new study found the four kinds of workers who're most likely to lose their jobs.
- A couple gives nine pieces of advice for new real-estate investors.
- Why does Silicon Valley keep forking over millions to charismatic screwups?
- China had a plan to dominate tech — and it's all gone wrong.
But first: Queen Elizabeth II died this week at age 96. Our global newsroom has been working around the clock to cover this news and what happens next. We explain below.
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Reflecting on Queen Elizabeth's life and legacy
Sean Gallup/Getty Images
Queen Elizabeth II's death brought her unprecedented 70-year reign to a close. She was Britain's longest-reigning monarch, inheriting the crown from her father in 1952. Here's what to know:
- The Queen's reign lasted through the Cuban Missile Crisis, the assassination of President John F. Kennedy, the Falklands War, the fall of the Berlin Wall and the end of the Cold War, the 9/11 attacks, and the inventions of the internet and the smartphone. Here's more on her life and legacy.
- Her death will bring many changes. Her son is now King Charles III, and the country's national anthem, passports, police uniforms, and even money will need to be updated. Take a look at what happens next here.
- Business leaders like Jeff Bezos and Tim Cook have been reacting to her death, as have brands (but not everyone is getting it right). Plus, follow along with our live blog for more.
Now, on to this week's top stories.
How likely are you to be laid off?
ViDI Studio/Shutterstock; Rachel Mendelson/Insider
In the past three months alone, the website Layoffs.FYI has counted more than 40,000 people who have been let go. Amid all the hiring freezes and layoffs, people are beginning to worry: Am I next?
Through a study of 17,000 professionals who've been let go since March, researchers were able to outline the four kinds of workers who're getting laid off the most — and recent hires and millennials top the list.
See who's most likely to be let go.
Plus, check out:
- What 'quiet quitting' is actually about
- Forget quiet quitting: Workers say they're acting their wage
How to avoid common pitfalls of real-estate investing
Courtesy of Kenny Simpson and Krystle Moore
Across San Diego, the married couple Kenny Simpson and Krystle Moore have amassed a sprawling real-estate portfolio: With 47 units, the empire is worth a combined total of $19 million.
But their journey hasn't been without its fair share of obstacles; Simpson estimated they'd lost about seven figures over the past few years. Insider sat down with the pair, who shared nine bits of advice for new real-estate investors.
Science has figured out which kinds of pitches actually work
Tyler Le/Insider
How does someone like Adam Neumann come back from orchestrating a billion-dollar meltdown at WeWork and get rewarded with $350 million to launch another real-estate business?
Researchers have figured it out. In most cases, whether a startup's pitch succeeds has nothing to do with the business case — and everything to do with the presentation, like a founder's personal style and speaking ability.
What science says about the best investor pitches.
Plus, check out:
China's failing plan to dominate tech
Greg Baker/Pool via Getty Images; iStock; Alyssa Powell/Insider
Chinese President Xi Jinping bet his country's future on developing semiconductors — the tiny chips that will determine the future of technology. But his plan is failing, and China's economy is paying the price, our senior correspondent Linette Lopez writes.
Losing the semiconductor race means China will always be at the mercy of countries with more power over the chip supply chain. And that is not something Xi will tolerate.
Here's how it all went so wrong.
This week's quote:
"If we don't accelerate our action to mitigate climate change and prepare for the climate change that's already happening, we're likely to see more of these outages."
— A climate researcher on the possibility of widespread blackouts from London to Los Angeles.
More of this week's top reads:
- We compiled a database of the top 50 seed investors in Europe. Meet them here.
- A day in the life of a chief marketing officer who worked remotely in Spain for three months.
- How some true-crime YouTubers are trying to solve cases — rather than just talking about them.
- Leaked Revolve campaign briefs reveal what it's offering to pay influencers.
- Snap launched a secretive internal effort, dubbed "Project Sunshine," to save Snapchat from falling engagement.
- Gopuff tried to rip out a page from Amazon's playbook. Insiders say it destroyed its operations.
- From quantum computing to virtual reality, these are the most cutting-edge tech projects at top Wall Street firms.
Plus: Keep updated with the latest business news throughout your weekdays by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here tomorrow.
Event invite: Climate Action 30 is Insider's annual list of the activists, scientists, leaders, and innovators working toward solutions for the climate crisis.
On Thursday, September 22, at noon ET, hear directly from these leaders in an editorial conference, presented by BASF, to connect the dots between climate policies, financing net zero, and climate tech. Sign up here.
Curated by Matt Turner. Edited by Jordan Parker Erb and Lisa Ryan. Sign up for more Insider newsletters here.
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