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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...
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Jul 23, 2026 / Tyler Durden
AIpocalypse No! Initial Jobless Claims Collapse To Lowest Since 1969
AIpocalypse No! Initial Jobless Claims Collapse To Lowest Since 1969 Amid ongoing exclamations of an AIpocalypse in the jobs market, the number of Americans filing for jobless benefits for the first time crashed to just 187k last week (well below expectations)... That is the lowest since 1969... Additionally, continuous jobless claims tumbled back below 1.8mm (1.796mm) Americans... Zero signs of labor market stress in any of this data as the 'low hire, no fire' economy pushes forward. Tyler Durden Thu, 07/23/2026 - 08:39
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Jul 7, 2026 / Tyler Durden
UK Police Crack Down On Dangerous New Threat – People Standing Around Doing Nothing
UK Police Crack Down On Dangerous New Threat – People Standing Around Doing Nothing Authored by Steve Watson via Modernity News, British policing has reached new depths of absurdity and authoritarianism. Officers are inventing pre-crimes, harassing citizens for lawful filming or standing in public, and deploying to pubs to warn people off tweeting about councillors. All while the same forces stand guard over brand-new taxpayer-funded houses handed to migrants and turn a blind eye to patterns of two-tier enforcement that have defined recent years. In one widely shared incident, a female officer...
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Apr 25, 2026 / Tyler Durden
Malaria Is Still Endemic In 80 Countries
Malaria Is Still Endemic In 80 Countries Significant progress has been made in the fight against malaria over the last two decades, according to a new report by the World Health Organization (WHO). In 2024, 80 countries (including the territory of French Guiana) remained endemic for the disease, down from 108 in 2000. The number of deaths have also declined since the turn of the century, with the WHO estimating that 610,000 people died from the disease in 2024, compared with 864,000 in 2000.  Recent years have brought further milestones. Cabo Verde and Egypt were certified as...
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