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He wants to play right away.

Portugal fell flat in their opening match at the World Cup.

Justin and Rose Taylor, both devout members of the Church of Jesus Christ of Latter-Day Saints, claim the district flatly declined to excuse their two elementary-aged children from certain lessons.

It's a New Year's Eve to remember on Not Suitable for Work.

While the journalist is "not involved in ... coverage" of her mother's abduction, she couldn't "pretend" she wasn't present for Tuesday's conversation.

While the journalist is "not involved in ... coverage" of her mother's abduction, she couldn't "pretend" she wasn't present for Tuesday's conversation.

"I hurt for my girls today," the actress wrote on her Instagram Stories above the photos of the "Euphoria" actor with their kids, Billie and Georgia.

"I hurt for my girls today," the actress wrote on her Instagram Stories above the photos of the "Euphoria" actor with their kids, Billie and Georgia.

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 response to management changes, product changes, performance issues, changes in strategies, acquisitions and other internal and external considerations."

It noted, "We may initiate new restructuring plans in the future. In addition, the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce."

The filing detailed how the tech giant ended its fiscal year with 141,000 full-time employees, down from 162,000 a year earlier. Costs associated with the workforce reduction totaled around $1.8 billion.

The labor cuts come as Oracle faces pressure amid its $55.7 billion capital expenditure spending spree in fiscal 2026, which is almost entirely tied to its AI cloud and data center buildout. That was up from $21.2 billion in fiscal 2025, meaning capex more than doubled year over year.

For fiscal 2027, Oracle is guiding even higher: about $70 billion in capex, plus another $20 billion to $25 billion of spending that it expects customers to repay. That implies up to $95 billion for AI and data-center capex in the current fiscal year.

Bloomberg was the first to report in March that Oracle planned to cut its workforce as it aggressively spent on AI data center buildouts.

Wall Street analysts forecast that the cloud unit's data center spending will drive Oracle's cash flow negative through the end of the decade, with a payoff not expected until 2030. In January, Oracle announced plans to raise $50 billion in debt and equity.

ORCL 5 Year CDS exploded to record highs ...

ORCL 5 Year CDS vs. Oracle equity 

The labor restructuring should come as no surprise, as we cited Barclays earlier this year, which proposed that the "next step" for Oracle to drive free cash flow would be to lay off between 20,000 and 30,000 employees.

Read:

• A Panicking Oracle Plans To Raise Up To $50 Billion, As Its Stock And Bonds Crater
• Oracle Firing Tens Of Thousands As CDS Explodes To Financial Crisis Record
• Oracle Prepares To Axe Thousands Of Jobs In New Layoff Round

Oracle has joined the growing party of tech giants, including Meta, Alphabet, Microsoft, Amazon, Xai, and others, that have outlined AI capex plans this year, collectively totaling $800 billion.

Last month, Meta axed some 8,000 jobs as the great "white-collar purge" continues across corporate America. AI has led to about 50,000 layoffs so far this year in the US, with IBM and Salesforce announcing large cuts.

Related:

• 20 College Majors Most Exposed To AI Job Disruption

Oracle appears to be using labor restructuring to start digging itself out of the considerable hole it has dug, with more layoffs likely this year.

Tyler Durden Tue, 06/23/2026 - 08:30

Suns out, sales out.

Suns out, sales out.

Apparently, this device is so effective that its biggest fans want to keep it a secret.

Cardio used to be my enemy. Now with this walking pad, I keep coming back for more.

I didn’t believe the AG1 hype either. Then I tried it myself.

Alcock, 26, was chatting with celebs at Monday's red carpet when a snapper touched her back -- and her co-star swooped in.

Alcock, 26, was chatting with Rachel Brosnahan and Nicholas Hoult at Monday's red carpet when a snapper touched her back -- and Corenswet swooped in.

One never knows what they might learn about a new teammate. USC men’s basketball forward Joshua Hughes, a native of Australia, disclosed Monday that he once squared up a kangaroo. Identical twins Adonis and Darius Ratliff aren’t identical in appearance – Adonis has free-flowing hair, Darius wears his in braids. Meanwhile, senior guard Rodney Rice...

Caitlin Clark clapped back after she claimed her clapping got her into her trouble.

You thought Prime Day was it. Your were wrong. Shop the other competing sales starting now.

The radical leftist owner of a woke Brooklyn coffee shop that boasts about discriminating against pro-Israel Jewish customers on social media has a history of deranged anti-Israel LinkedIn posts — including accusing the Jewish state of genocide and compares it to Nazi Germany. Parviz Mukhamadkulov, founder of Poetica Coffee in Park Slope, regularly engages in...