Your gateway to a free society
Article

Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs

Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs Oracle disclosed in a Form 10-K filing that it reduced its workforce by 21,000 employees over the past year as it automates white-collar jobs and frees up cash to splurge on AI infrastructure buildouts. "Our periodic workforce restructurings and reorganizations can be disruptive,"  Oracle said in the annual financial regulatory publsihed on Monday, adding, "We have an existing restructuring plan in place under which we have made, and will continue to make, adjustments to our workforce in...
Back

aboutLiberty Portal

Liberty Portal is your gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important people and lessons within the liberty movement.
suggested
Jul 10, 2026 / Tyler Durden
Mali Govt Says Al-Qaeda Extremists In Region Receive Training, Drones From Ukraine
Mali Govt Says Al-Qaeda Extremists In Region Receive Training, Drones From Ukraine Via The Cradle The Malian government announced on Thursday that militant groups with links to Al-Qaeda carrying out terror attacks in the country were trained and armed by Ukrainian specialists. Fousseynou Ouattara, Vice President of the Defense Commission of Mali's Transitional Council, said authorities identified militants who received training in Ukraine to carry out operations using kamikaze drones produced by Kiev. "These young people are known, we have now added them to our lists, and we have their names," Ouattara said. Illustrative file...
Read more
Aug 19, 2026 / Tyler Durden
US Airports Remain Busy Despite Surging Prices
US Airports Remain Busy Despite Surging Prices Following the historic slump in air travel during the Covid-19 pandemic, passenger volume at U.S. airports has gradually recovered, roughly matching pre-pandemic levels in 2023 and exceeding it in 2024 and 2025. In fact, 2025 was the busiest year ever at U.S. airports with an average of 2.48 million travelers passing through TSA checkpoints each day. Despite the latest surge in ticket prices – airline fares have risen 12.6% since January and more than 25 percent since July 2025, Statista's Felix Richter reports 2026 is on track to match or even...
Read more
Aug 27, 2026 / Tyler Durden
The Greatest Cover-Up In Economic History: How Washington Hid Its Role In The 2008 Crash
The Greatest Cover-Up In Economic History: How Washington Hid Its Role In The 2008 Crash Authored by Kevin Villani via Mises Institute, The commentary in a recent Wall Street Journal by Senator Phil Gramm and Representative Jeb Hensarling did the nation an immense service by dismantling the persistent myth that private market greed and financial deregulation caused the 2008 financial crisis. As they rightly pointed out, inflation-adjusted mortgage rates during the bubble era were historically high, and financial institutions were suffocating under increasingly strict federal mandates, not running wild in a...
Read more

support

If you like what we do and want to support us, then you are a fine humanitarian. Click the link below to find out more.

Support the liberty movement