Enterprise on Cowlpane

Laid-off Oracle workers tried to negotiate better severance. Oracle said no.

Fri, 08 May 2026 22:59:05 +0000

Originally published by TechCrunch

As was widely reported, Oracleaxed an estimated 20,000 to 30,000 peoplevia email on March 31.

One of the employees cut that day told TechCrunch about the experience: “I had, like, this weird feeling in my stomach. I went to go sign into the VPN, and the VPN was like, ‘this user doesn’t exist anymore.’ Then I called my friend, and I was like, ‘Hey, can you see me in Slack?’ And she said, ‘No, your account’s been deactivated.’”

Intel’s comeback story is even wilder than it seems

Fri, 08 May 2026 20:02:52 +0000

Originally published by TechCrunch

Bloomberg has adeep divethis week into how Intel CEO Lip-Bu Tan is trying to rescue one of Silicon Valley’s most storied, and stumbling, chipmakers. It’s worth a read, but it actually undersells the most jaw-dropping part of the story: Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround.

Tan, who took over inMarch of last year, has spent much of his first year schmoozing rather than restructuring — locking in asweetheart dealwith the U.S. government (now Intel’s third-largest shareholder), cozying up to Elon Musk on afactory partnership, and reportedly landing preliminary manufacturing agreements with both Apple and Tesla.

Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high

Fri, 08 May 2026 18:33:21 +0000

Originally published by TechCrunch

Cloudflare on Thursday joined a growing list of tech companies — including Meta, Microsoft, and Amazon — that have reported increased revenue alongside massive layoffs, attributing both trends to their use of AI.

Cloudflare, which provides internet security and performance services to millions of websites worldwide, announced it was cutting its workforce by approximately 20%, which equates to 1,100 people, it said as part of its first quarter 2026 earnings report on Thursday.