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EMAIL DIGESTS
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Every morning
Weekly
Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch “In September @Oracle disclosed in a filing it was planning its largest-ever restructuring, which will cost as much as $1.6B in the current fiscal year ending May, incl severance checks to exiting employees” @business https://t.co/KW7iIGO7m3
Takeda to Cut 400 US Jobs as Part of Overhaul, Nikkei Says @business cc @dailyjobcuts @MacroEdgeRes
Efficacy of such a move @chigrl ? Aramco Explores Plan to Export Oil Via Red Sea to Avoid Hormuz The world’s biggest oil exporter has a 5M barrel-a-day pipeline that runs across the country which can transport oil from fields in the...
Leaving this here “It comes as CBA..grapples w/the onset of AI technologies. The bank in the midst of rolling out AI systems across its business banking, communications & fraud-detection operations. In March 2025, CBA invested in AI firm Anthropicto drive...
Ending the month with a bang @jack Block Block is cutting 4,000 employees, reducing its workforce by nearly half as the financial technology firm places a bet on artificial intelligence changing the future of labor productivity. cc @dailyjobcuts @MacroEdgeRes
Case in point: @eBay announced today it’s cutting 800 jobs, or 6% of its full-time employees. HQ San Jose, CA If you’re one of one of them, do you collect UE benefits from CA or get paid 114% more to drive @Uber...
Truth: “If spreads keep widening and banks keep lagging, this is more than a one day shakeout. If they stabilize, this was the market resetting positioning and rotating and not the start of a whole new regime.”
"If you refer to those Walmart earnings. The CEO saying that tariffs are no longer an issue when it comes to pricing, but rather wages and income…" https://t.co/0OABeT0az6 #federalreserve #powell #dimartinobooth #kevinwarsh #economy #schwab https://t.co/VX4my3zpe8
Automation efforts are cutting down labor costs, increasing productivity and improving delivery speeds @Walmart per its earnings call. @DowJones
In 3Q, @Walmart health & wellness”/pharmacy sales grew by 12.3% vs grocery & general merchandise sales, each up ~3%. In 2022, “health & wellness” accounted for 12% of Walmart U.S.’s sales; in 3 years that number up to ~15% @Adam__Josephson Is...
How is this a healthy development? At least SIX big companies (liabilities >=$50M) have filed for bankruptcy EVERY WEEK during 3-wk period that began Jan 10, a level matched a handful of times since the turn of the century…last week alone...
