#workforce-reduction

#workforce-reduction

Vikas Rao has been appointed CEO of Dark Matter Technologies, succeeding Sean Dugan, with a mandate to translate technology investments into stronger commercial performance.

"I now take lunch early and at my desk. This is a big cultural change because French meals can be long. This has been one of my adjustments."

Jason Tarry's basic salary rose to £1.2m, a 20% increase, while the company cut 10,700 jobs over three years, raising concerns about pay equity.

"The strain on our EMS ranks is real, and it is made worse by the staggering pay disparities our EMS heroes are forced to endure."

Companies that do not make this pivot immediately will fail. Companies that move slowly will be left behind.

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.