The era of the mega-layoff has arrived

{{ Companies announcing mass layoffs via email being rewarded with stock price increases }}

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This can’t be true.
I’ve read AI will create jobs. :wink:
Corporate CEOs plan for the long term eschewing short term actions that temporarily boost quarterly profits. Only doing stock buybacks when the stock price is at bargain level pricing. :smirking_face:

Corporations with the lowest-paid global workforce continued to focus on compensating their CEOs and buying back stock instead of investing in their companies and employees, according to research published on Thursday.

Oracle reportedly laid off ten thousand employees— within a week Oracle filed 3,126 H-1B visa petitions for 3,126 Employees

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I’m gonna guess the Hallmark Channel will be able to lay off the two guys who come up with the plots and scripts for all their movies and let AI do it. Within a couple years they’ll be able to replace the actors with AI-CGI.

“First they came for the screenwriters and I did not object, because I was not a screenwriter…”

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It won’t take that long. A young version of Val Kilmer is starring in an upcoming movie

{{ An AI-generated, younger version of the late Val Kilmer is starring in the upcoming historical drama film “As Deep as the Grave”. The trailer for the film debuted at CinemaCon in April 2026, showcasing a digital recreation of Kilmer as a 30-something man, alongside other spectral and older depictions of the actor. }}

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Unemployment from AI–SOLVED!

{{ Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. }}

Only if you’re taxing the AI and the robots to provide the revenue to fund the checks.

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