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🚨 Oracle layoffs Ex-employee alleges algorithm targeted senior executives with unvested stock... she says: "It seems layoffs follow an algorithm of high level individual contributors and mid-level managers - especially those with outstanding stock options" She hinted that the job cuts at Oracle may have disproportionately affected experienced employees...

303,161 görüntüleme • 3 ay önce •via X (Twitter)

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S&P just cut Oracle to one notch above junk, and the stock went UP anyway. Think about that for a second... Back in December I told you the AI arms race would keep rewarding capex right up until the moment it didn't, and I pointed straight at Oracle. The stock is now down more than 55% from its high and this week S&P downgraded its credit to the lowest rung of investment grade, which means one more cut and Oracle wears a junk rating for the first time in its history. The downgrade landed because the cash bleed is getting MUCH worse. S&P now sees Oracle burning close to $42 billion in free cash flow next year, nearly double its earlier estimate, with capex rocketing toward $90 billion and a single customer (OpenAI) sitting behind roughly half of that $638 billion backlog. The bond market looked at all of that and reached for insurance. The stock market looked at the exact same company and bid it higher. When those two disagree like this, 45 years in this business has taught me to side with the bondholders every single time. They get paid before shareholders do, so they tend to see the trouble first. And Oracle is now funding this buildout with equity instead of debt, with another $20 billion in stock issuance slated for this year. A company confident in its own cash flows borrows against them. A company bracing for a downgrade dilutes its shareholders instead. Oracle showed you which one it is. If you want to know how to actually make money in a market this dominated by Big Tech narratives, that is what July 22nd is for. 14 elite investors are sharing the specific longs and shorts they are backing with their own capital - for just $99. We entered the golden era of stock picking. Grab your ticket today:

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Kenya Tourism Authority Demands Answers Over Mistreatment of Staff at Taita Hills Resort Multiple allegations of workplace abuse, discrimination, and mistreatment have been levelled against Taita Hills Resort & Spa and Salt Lick Wildlife Resort under the management of General Manager Sanjeev Kumar. Employees and former staff members claim the workplace has become hostile, with reports of verbal abuse, discrimination and intimidation. An intern alleges she was targeted due to her body size, with Kumar making demeaning remarks and attempting to terminate her internship on that basis. When the Human Resource Manager declined, the intern was transferred to the front desk, where she continued to face body shaming and was eventually dismissed prematurely. She says the experience left her deeply affected and that others have suffered similar mistreatment under Kumar’s leadership. Another former employee describes a toxic work environment where Kumar allegedly yelled at staff in front of guests and nearly threw a notebook at them. Off days and leave requests, including maternity and paternity leave are allegedly disregarded and those who raised concerns were met with verbal abuse and retaliation. Employees were reportedly coached on what to say during board visits and threatened with consequences if they deviated from prepared statements. One account describes an incident where Kumar allegedly intervened to block a former employee from securing a job at a neighbouring lodge. After making calls and issuing threats, the employee was forced to resign from the new position and return to Taita Hills Resort. Some staff members say they remained in their roles only out of fear of professional ruin and financial insecurity. Reports also suggest a pattern of racial discrimination in hiring and treatment of employees. One former worker claims Kumar openly stated that he does not want to work with Black employees and has replaced front office staff with lighter-skinned individuals. Employees say they have witnessed colleagues being dismissed without valid reasons and fear speaking out will cost them their jobs. An incident involving physical aggression has also been reported. Witnesses say Kumar once broke a bowl of fruit in anger and berated a pastry chef so loudly that it was heard from the restaurant. CCTV footage allegedly captured the event, but the manager reportedly pressured the controller to delete it, later orchestrating their dismissal. The Kenya Tourism Regulatory Authority (TRA) has since issued a letter to the resort’s management, demanding an official response within five days. The letter cites violations of employment laws and threatens suspension of the resort’s tourism license if the allegations are not addressed. Employees have been assured anonymity in the investigation. They insist that unless action is taken, staff morale will continue to deteriorate and workplace mistreatment will persist.

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