Oracle Corporation (NYSE: ORCL) is planning to cut "thousands" of jobs as soon as this month. And yes, artificial intelligence is to blame-but not solely because AI is directly taking jobs. Instead, Oracle is reportedly planning job cuts to free up cash for its AI data center expansion, which the company is pursuing to compete with cloud computing giants Amazon and Microsoft.
The reductions are expected to impact some 2,500 positions out of the roughly 83,000 the firm reported at the end of 2025. The exercise is global in nature, spanning the firm's three primary business units: Institutional Securities, Wealth Management, and Investment Management. The rationale for the reduction is a combination of shifting business priorities, a revised global location strategy, and individual performance reviews.
The Depop acquisition gives eBay access to Gen Z shoppers-90% of Depop's users are under 34-but the company needs to fund that growth by cutting costs elsewhere. EBay is essentially trading current employees for future market position-a risky move that shows how intense the e-commerce competition has become.
Papa Johns' chief financial officer and president of North America Ravi Thanawal said the company plans to shutter a total of 300 underperforming restaurants in North America "that are not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant."
Trump imposed a 25% tariff on car imports last April, adding export costs to the supercars hand-made in Aston Martin's UK factory. While a subsequent US-UK agreement in May provided some relief for British automakers, there has been fresh uncertainty after Trump introduced a 10% global tariff on exports to the US in response to the Supreme Court ruling against his expansive tariff policy.
Annual results show that pre-tax losses surged to £363.9 million in 2025, up from £289.1 million the previous year, underscoring the significant financial difficulties the company and its stakeholders face. The decline in sales is driven by declining global demand, US import tariffs, and lower-than-expected sales volumes, reflecting broader market pressures that are impacting the company's performance.
The PTAB is likely to undergo a dramatic transformation in 2026 based upon the convergence of two parallel developments. (1) The ex parte appeal inventory has plummeted from approximately 27,000 pending appeals in FY2012 to under 3,000 today, with the trajectory suggesting near-zero inventory within months. (2) Simultaneously, Director John Squires has effectively shut down inter partes review through aggressive use of institution denials.
The National Security Agency recently achieved its goals to shed around 2,000 people from its workforce this year, according to three people familiar with the spy agency's posture. The people spoke on the condition of anonymity because the milestone has not been made public. The reductions include a mix of civilian employees who were terminated, voluntarily left or took deferred resignation offers, where they agree to leave government service early while still being paid for a set time period.
The statute - ultimately yanked from the final House draft of the Intelligence Authorization Act - would have prohibited the DHS Office of Intelligence and Analysis from both collecting and analyzing intelligence, according to two of the people and the draft summary. The measure also would have renamed it as the Office of Intelligence and Information Sharing and reduced its workforce from around 1,000 employees to no more than 250.
The pride you have for the role that Verizon plays in people's lives is abundantly clear, as is your desire for us to lead the industry. As I shared at our most recent all-employee meeting, we need to change and evolve as a company to meet the needs of our customers and expand our market leadership. Our current cost structure limits our ability to invest significantly in our customer value proposition. We must reorient our entire company around delivering for and delighting our customers.
Chegg said it will remain a standalone public company after a year-long strategic review conducted with Goldman Sachs. The company plans to cut roughly 45% of its global workforce-about 388 roles-as part of an effort to streamline operations and refocus on skilling and workplace learning. Management expects the restructuring to reduce 2026 non-GAAP expenses by about $100-110 million, with one-time charges of $15-19 million, mostly tied to severance payments.
According to the Ebusco Q3 2025 operational update, the Dutch manufacturer delivered 39 electric buses between July and September, a result consistent with the previous quarter. This brings total deliveries for the year to 86 units, with the company expecting at least the same number of buses to be delivered in the fourth quarter. The company continues to undergo changes in key management positions, with the search for a permanent CEO ongoing, following the resignation of Christian Schreyer in June 2025.
Citing financial challenges and economic uncertainty, the Lucile Packard Children's Hospital is preparing to reduce its workforce by 87 positions in December, according to a notification that the Palo Alto medical institution filed with the state this week. The hospital at 725 Welch Road submitted on Oct. 10 a notice with the state Department of Economic Development listing the 87 positions that will be eliminated by Dec. 12, 2025. According to an accompanying letter from N. Christopher Comma, vice president for human resources at the hospital, the employees will remain on the payroll with benefits until that time.
Opendoor, which buys and sells homes, is currently making waves as the latest meme stock beloved by retail traders. The stock got another boost on Thursday when the company announced cofounders Rabois and Eric Wu were rejoining the board and that Kaz Nejatian, COO of Shopify, was appointed CEO. At market close on Friday, the stock was up 470% year-to-date.
The Danish pharmaceutical company Novo Nordisk, the maker of GLP-1 for diabetes and obesity, announced it is reducing its workforce globally by 9,000 people by the end of 2026. A company spokesperson declined to provide specific figures for the Boston operations, stating that "this is a global transformation," and Novo Nordisk sites will each be impacted differently. The company has not yet finalized its plans for Boston.
We have now done about a million and a half conversations with our customers (through the agentic layer) and at the same time ... a million and half conversations also happened through our support agents during that same period. The SEASAT scores were about the same, which was stunning and also I was able to rebalance my headcount on my support - I've reduced it from 9,000 heads to about 5,000 because I need less heads.
"It's been eight of the most exciting months of my career," Benioff said. "I was able to rebalance my head count on my support," he said. "I've reduced it from 9,000 heads to about 5,000 because I need less heads."
