Keirsten Greggs

The average federal income tax for an individual is 14.5%. But in 2025, Google’s parent company, Alphabet, paid just an 8% tax rate. Meta paid just 3.75%. Amazon paid just 1.37%. Palantir and Tesla paid nothing. itep.org/corporate-tax-…

The BBC is cutting as many as 2,000 jobs, affecting 10% of its 21,500 employees, in what is being described as the biggest scaling back in 15 years.

I tuned @LivingCorporate’s podcast library into a learning platform that builds learning experiences specific to your needs and we’re selling it to medium and large sized businesses. I’m not bragging enough about it, but it’s an exciting time.

NISSAN TO GO ALL IN ON AI AS THEY CONTINUE TO LAY OFF OVER 20,000 EMPLOYEES Yesterday Nissan unveiled "Mobility Intelligence for Everyday Life." AI across 90% of its vehicles. Autonomous driving partnerships. The CEO says they want to "enrich how mobility is experienced." The context they left out of the press release: 20,000 workers cut. 15% of the entire company. 7 of 17 factories closing. $4.5 billion net loss. Stock collapsed from $18 to under $5. They were built to sell 8 million cars and peaked at 5.6 million. Now they're resizing to break even at 2.5 million. In the US, shifts are being cut at Smyrna, Tennessee. Canton, Mississippi. Decherd, Tennessee. 21,000 American workers across three plants watching the floor shrink. The Honda merger failed. The old CEO is gone. The new CEO calls it a wake-up call. For 20,000 workers it was a termination letter. 11 models killed. Engineering timelines slashed from 54 months to 37. Just another day in 2026.

🚨BREAKING: Two researchers from UPenn and Boston University just published a paper that should be uncomfortable reading for every CEO automating their workforce right now. The argument is straightforward. Every company replacing workers with AI is also eliminating its own future customers. Laid off workers stop spending. Enough of them stop spending and nobody can afford to buy anything. The companies that fired everyone end up selling into an economy with no purchasing power left. Every executive can see this. The math is not complicated. But here is why nobody stops. If you do not automate, your competitor does. They cut costs, lower prices, take your market share, and you collapse anyway. So every company automates knowing it is collectively destructive because the alternative is dying alone while everyone else survives. The researchers proved this is a Prisoner's Dilemma playing out in real time. The numbers are already moving. Block cut nearly half its 10,000 employees this year. Jack Dorsey said AI made those roles unnecessary and that within the next year the majority of companies will reach the same conclusion. Salesforce replaced 4,000 customer support agents with AI. Goldman Sachs deployed a coding tool that lets one engineer do the work of five. Over 100,000 tech workers were laid off in 2025 and AI was cited as the primary driver in more than half those cases. 80% of US workers hold jobs with tasks susceptible to AI automation. The researchers tested every proposed solution. Universal basic income does not change a single company's incentive to automate. Capital income taxes adjust profit levels but not the per-task decision to replace a human. Collective bargaining cannot hold because automating is always the dominant strategy. They also identified what they call a Red Queen effect. Better AI does not solve the problem, it accelerates it. Every company chases faster automation to gain market share over rivals but at the end everyone has automated equally, the gains cancel out, and the only thing left is more destroyed demand. The one thing the math says could work is a Pigouvian automation tax. A per-task charge that forces companies to account for the demand they destroy each time they replace a worker. The conclusion is that this is not a transfer of wealth from workers to owners. Both sides lose. Workers lose income. Companies lose customers. It is a deadweight loss with no market mechanism to stop it on its own.

NEW YORK (AP) — Jury finds that Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues.

At least 88 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year, per ITEP

This Tax Day and unfriendly reminder that some of America's biggest companies paid $0 in federal income tax last year. Amazon Citigroup CVS Haliburton Hasbro Kohl's Palantir PayPal PG&E Roku Southwest Airlines Tesla United Airlines Walt Disney And dozens of others all avoided paying federal income tax in 2025, despite making billions.

April 15, 1960, at Shaw University in Raleigh, NC, Ella Baker leads a conference that results in the creation of the SNCC (Student Nonviolent Coordinating Committee). This was a student commitment during the civil rights movements in the 60s & 70s.

The owner of social media platform Snapchat said Wednesday it's eliminating about 16% of its global workforce, or about 1,000 jobs that will be culled in its latest round of layoffs. abcnews.link/m7sFThT

BREAKING: Maine has approved a bill freezing construction of new data centers until November 2027, per WSJ

Not only did Disney pay nothing in income taxes this year, it received a $1.428 billion tax refund after making $12 billion in profits. "Corporations will create jobs if you give them more tax breaks" is a total scam.

Hidden in fine print, discriminatory language from a century ago still exists today in some Tulsa, Oklahoma, property records “It said that no Africans may rent, lease, buy except if there are quarters built for them at the back of the property" tulsaflyer.org/2026/04/13/gov…

BREAKING: Maryland is about to become the first state in the nation to ban the use of surveillance data and dynamic pricing at grocery stores. The Maryland House has just passed the Protection from Predatory Pricing Act. Governor Wes Moore plans to sign the bill.

ORACLE LAYOFFS TARGETED EMPLOYEES WITH STOCK OPTIONS AND TENURE. Read through some of the posts from actual employees and it becomes more and more obvious what happened last week. Real Americans. Real jobs. All of this while pushing through record numbers of H-1B hires. Under Oracle's severance terms, all unvested restricted stock units are forfeited immediately upon termination. For senior employees, RSUs often represent 30% to 50% of projected annual compensation. These are not lottery tickets. They are earned compensation that disappears the moment you are terminated before your vesting date. Receipts: >One employee on Blind posted: "One of my friends was laid off from Oracle, but his RSU vesting date was Saturday, April 4, 2026. Will he still receive the stock?" >Nina Lewis spent 34 years at Oracle as a security alert manager. After being laid off, she posted on LinkedIn: "It seems layoffs follow an algorithm of high level individual contributors and mid-level managers, especially those with outstanding stock options." >Michael Shepherd, a senior manager at Oracle Cloud Infrastructure who was not laid off, posted on LinkedIn that the company had "conducted a significant reduction in force." He went on to say the reductions were not performance-based, included senior talent with deep expertise, and according disproportionately were those with outstanding equity. This was not a trimming of recent hires. Oracle cut institutional knowledge: >One of Oracle's first employees, with 40+ years of tenure, was laid off >A 27-year veteran posted on LinkedIn that a "major reorganization" ended their journey across Sun and Oracle >Kurt Frieden, 18 years at Oracle, posted that he was cut >Nina Lewis, 34 years >Marc Fitten described the layoffs as sudden and said "it was a lot of good and smart people" >Gary Olmsted wrote: "This morning I woke up to my Slack being disconnected and a nice email telling me my position had been eliminated" Let us not forget, days later, the company also hired a new CFO and handed her $26 million in stock. Oracle was just the first. No sector is safe.

Oracle accused of targeting employees with stock options in recent layoffs, per NYP

United is floating a possible mega-merger with American Airlines to create an air travel giant. They might try to act under the Trump admin, given its willingness to let corporations do whatever they want. The combined company would be almost 2x the size of its biggest rival.

The Baltimore Banner’s parent organization will buy the Pittsburgh Post-Gazette, a deal that will keep one of the country’s oldest newspapers open thebanner.com/economy/banner…

30% of 2025 graduates, and 41% from 2024, secured entry-level roles in their respective fields, according to Forbes.

The Labor Department reported that its producer price index — which measures inflation before it hits consumers — rose 0.5% from February and 4% from March 2025. The year-over-year gains was the biggest in more than three years. apnews.com/article/inflat…