JUSTTHENEWS (Kevin Killough) - Starbucks to lay off 300 corporate employees, close some support offices
The layoffs won't impact coffeehouse employees.
THENATIONALPULSE (Pulse Wires) - Oracle Announces Mass Layoffs as Billions Plowed Into Data Centers.
Oracle, one of the top ten technology companies in the United States with a market capitalization often exceeding $400–$900 billion, announced on Tuesday that it will lay off thousands of employees. In a 6:00 AM email to those workers impacted by the workforce reduction, the company wrote, “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change.” The employees were informed that Tuesday would be their last working day. The post Oracle Announces Mass Layoffs as Billions Plowed Into Data Centers. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: Oracle, one of the largest tech companies in the U.S., sent emails to thousands of employees notifying them of their termination as part of a large layoff. WHO WAS INVOLVED: Oracle employees across regions, Oracle leadership, and billionaire chairman Larry Ellison. WHEN & WHERE: The layoffs occurred on Tuesday, impacting employees in the United States, India, Canada, and other locations. KEY QUOTE: “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change,” stated the termination email. IMPACT: The layoffs have sparked frustration and uncertainty among employees, with some criticizing Oracle’s approach…Open
AXIOS (Emily Peck) - It's a feel-bad job market for high-earning professionals
Data: Morning Consult; Chart: Axios Visuals There are signs that the so-called vibecession is back for 2026, but with a twist — it's the highest-earning Americans who feel more glum, as the faltering labor market for white-collar workers drives a bit of a doom loop. Why it matters: The U.S. economy increasingly runs on the spending power of the upper middle-class and wealthy, and if they're anxious that could affect everyone. Where it stands: Amazon's latest round of layoffs — 16,000 corporate jobs axed — is the latest piece of grim news for professionals who are growing antsy about the job market. - An increasing share of Americans are either reporting that they expect to lose pay or have already lost pay, per Morning Consult's…
NYTIMES (Karen Weise) - Amazon to Cut 16,000 Jobs in Latest Round of Layoffs
The e-commerce giant has been cutting costs in part to redirect money into building data centers to compete in the race to dominate artificial intelligence.