US tech firm Oracle cuts thousands of jobs as it steps up AI spending

Company seeks to reassure investors that bet on artificial intelligence infrastructure will pay off

The Guardian
Centuries-old pottery firm Denby set to call in administrators

Almost 600 jobs could go amid higher cost of gas and labour and softening consumer demand

The Guardian
New report paints grim picture of Ottawa's economic outlook
A new staff report that updates Ottawa's economic conditions cites challenges that include a rising unemployment rate, increased job losses and trickle-down effects from the federal workforce reduction.
https://www.cbc.ca/news/canada/ottawa/new-report-paints-grim-picture-of-ottawa-s-economic-outlook-9.7145006?cmp=rss
Some employees at Biovectra losing their jobs, but company won't say how many
Some workers at Biovectra are losing their jobs, and the P.E.I. government says it's still trying to figure out what the effects will be locally.
https://www.cbc.ca/news/canada/prince-edward-island/pei-biovectra-job-losses-9.7145016?cmp=rss
Some employees at Biovectra losing their jobs, but company won't say how many
Some workers at Biovectra are losing their jobs, and the P.E.I. government says it's still trying to figure out what the effects will be locally.
https://www.cbc.ca/news/canada/prince-edward-island/pei-biovectra-job-losses-9.7145016?cmp=rss
Goldman Sachs warns that surging oil prices could eliminate 10,000 U.S. jobs monthly through year-end, with unemployment projected to reach 4.6% by Q3 as consumer-facing industries face the brunt of reduced spending, particularly in leisure and hospitality sectors expected to lose 5,000 positions monthly.
#YonhapInfomax #GoldmanSachs #OilPriceShock #USEmployment #UnemploymentRate #JobLosses #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=112388
Goldman Sachs Warns Oil Price Shock Could Cost US 10,000 Jobs Monthly

Goldman Sachs warns that surging oil prices could eliminate 10,000 U.S. jobs monthly through year-end, with unemployment projected to reach 4.6% by Q3 as consumer-facing industries face the brunt of reduced spending, particularly in leisure and hospitality sectors expected to lose 5,000 positions monthly.

Yonhap Infomax

Fortnite maker lays off over 1,000 devs after raising price of V-Bucks to 'pay the bills'

https://fed.brid.gy/r/https://www.mirror.co.uk/gaming/fortnite-maker-lays-over-1000-36929991

Africa: Middle-East War / Business Closures, Job Losses Loom - Neca, NLC, LCCI, Asbon: [Vanguard] --Say soaring fuel prices could cripple economy http://newsfeed.facilit8.network/TRhnll #Africa #MiddleEastWar #EconomicCrisis #JobLosses #FuelPrices
First came the AI ‘teammates’, then the layoffs: the new reality for Atlassian staff now looking for work https://www.theguardian.com/technology/2026/mar/21/atlassian-cuts-layoffs-staff-now-looking-for-work-ai #Atlassian #AustraliaNews #AiArtificialIntelligence #JobLosses
First came the AI ‘teammates’, then the layoffs: the new reality for Atlassian staff now looking for work

‘These AI agents have been really, really helpful,’ says a former Sydney employee. ‘But you couldn’t use something like that to replace an actual human worker’

The Guardian
Bentley to cut hundreds of UK jobs amid ‘challenging global market environment’

Carmaker reduces office-based roles and will not fill vacancies ‘to ensure long-term competitiveness of business’

The Guardian