Workers

AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom

Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.

|ByWALLA! MONEY
Larry Ellison, Co-Founder and Chief Technology Officer of Oracle
Samsung

Relocate or resign: Samsung gives hundreds of US employees an ultimatum

Samsung is relocating its US headquarters from New Jersey to Texas, requiring hundreds of employees to either move more than 2,000 kilometers with the company or leave their jobs.

|ByLIAD VAKNISH
Google CEO Sundar Pichai

Thousands of Google employees demand fair layoffs

Over 4,500 Google employees signed a petition against the wave of cuts, demanding a more predictable and fair termination process.

|ByLIAD VAKNISH
A comprehensive study by the Finance Ministry, the Histadrut, and the Joint examined the effects of transitioning to 40 weekly hours in the public sector

These are the big winners from the shortening of the workweek, and these are those who are harmed

A comprehensive study by the Finance Ministry, the Histadrut, and the Joint examined the effects of transitioning to 40 weekly hours in the public sector.

|ByLIAT RON

Everything About Workers’ Compensation

JANUARY 1, 2025ByHANNAH SCHWARTZ