Tech Layoffs Surge As Corporate America's AI Blitz Raises Fears The Worst Is Yet To Come

Joe Kent, the former director of the National Counterterrorism Center who resigned over his opposition to the US-Israeli war against Iran, is urging Americans to contact the White House and Congress to express opposition to the US sending ground troops into Iran. In a post on X, Kent shared the phone numbers for the White […]

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...