Ronald

🦔 Oracle laid off between 20,000 and 30,000 employees Tuesday morning, roughly 18% of its global workforce, via a single email sent at 6am EST with no prior warning. System access was revoked almost immediately after. The cuts are expected to free up $8-10 billion in cash flow. Oracle's stock has lost more than half its value since September 2025 and the company now carries over $124 billion in debt, up from $89 billion a year ago, with free cash flow running negative $10 billion last quarter. My Take Oracle posted a 95% jump in net income last quarter and still eliminated 18% of its workforce by email before most people finished their morning coffee. This is not a company in distress in the traditional sense. It's a company that made an enormous debt-funded bet on AI infrastructure and is now converting its workforce into cash flow to service that debt. We've covered Oracle's AI gamble for months. The $300 billion OpenAI deal through Stargate, $50 billion in capital expenditure this fiscal year, over $124 billion in total debt. Multiple US banks have pulled back from financing Oracle-linked data center projects. Bondholders have sued Oracle claiming it concealed how much additional debt the OpenAI deal would require. The credit default swap spread hit a three-year high earlier this year, meaning debt investors are genuinely nervous about getting paid back. The workers who got that 6am email built the products Oracle has monetized for decades. The bet that eliminated their jobs was made by people who were already paid regardless of how it turns out. That is the part of the AI infrastructure race that doesn't show up in the capex announcements. Hedgie🤗

Part of why healthcare workers leave Zimbabwe isn’t just pay — it’s the basics. Imagine spending a month trying to get connected, with no progress from @ZESAHOLDINGS .Paid over 1000 usd for a new connection & still in the dark It’s the small things. They matter. They push us out

🚨 Do you understand what Oracle just did.. they fired 30,000 people.. via 6 AM email.. while reporting a 95% increase in net income last quarter.. Oracle isn't a struggling company .. Oracle made MORE money than ever.. and still fired 30,000 people because they're spending $156 billion on AI data centres instead.. and Larry Ellison.. the guy who just fired 30,000 families.. is worth $200 billion.. the 3rd richest person on earth.. he owns an entire Hawaiian island.. Lanai.. 98% of it.. bought it for $300 million like it was a vacation home.. this is the same playbook every single time.. IBM fired 7,800 and replaced them with AI in 2023.. Amazon cut 27,000 the same year while reporting record revenue.. Atlassian cut thousands while profits climbed.. Google laid off 12,000 while sitting on $100 billion in cash.. they told you to learn to code.. you learned to code.. they told you to upskill.. you upskilled.. and then they replaced you with the thing you helped build and sent the termination letter before you woke up.. the company made record profits and decided the reward for that was firing the people who made it happen.

You created this mess on a 5 year term and now you want a 7 year one. Do you want to kill everyone? #NoTo2030

Banger 😂

EBITDA (2026 edition): Earnings Before Iran, Tariffs, and Donald Announcements. 😂 Not sure who came up with this, saw it in a few groups and died laughing.

@OmariZimbabwe @omarizw None of this makes a bad product. A mobile gateway to a reputable fund with low entry is genuinely useful. But "USD Savings Wallet 14%" and "unit trust with fees and tax" are very different sentences. Calculator using actual yield data deepdivedata.co/articles/omari…

@OmariZimbabwe @omarizw One likely explanation: deposit pooling. Omari may collect deposits and route them as one combined investment to meet the fund's minimum. If true, there's a platform layer between you and your money the ad never mentions.

@OmariZimbabwe @omarizw The ad says start from US$10. The Old Mutual fund documents say the minimum initial deposit is US$20, with top-ups from US$10. So there's a gap between what the ad shows and what the fund requires. @OmariZimbabwe hasn't publicly explained how they bridge it.

@OmariZimbabwe @omarizw The ad says "up to 12%+." That number is gross. Before: -1.50% management fee -0.30% other charges -15% withholding tax on your gains Start with 13%. After fees and tax, you keep roughly 9.5%. That's 3.5 percentage points that never reach your pocket.

@OmariZimbabwe @OmariZW calls it a "USD Savings Wallet." It is not a savings wallet. It's an investment. That distinction matters because: — No deposit guarantee if the fund loses value A savings wallet implies your money is safe and waiting. This product does not guarantee either.

1/ This ad from @OmariZimbabwe is everywhere right now.Big green 12%. "USD Savings Wallet." Start from $10.I went and read the actual fund documents behind it. Here's what the ad doesn't show you 🧵

Been digging into this for a while. The gap between the ad and the fund docs is wider than most people realise. Took 3 weeks to get the terms and conditions from the @OmariZimbabwe team. Slow process or intentional obscurity you decide. We don't have enough of this kind of product teardown in this market. Here's one.

Oracle axes 30K jobs in massive layoff - notifying fired employees with 6 a.m. email trib.al/eTTc93b

Your alarm goes off at 6 AM. There's an email from "Oracle Leadership." You've never gotten a message from that sender before. It says your job is gone, today is your last day, and severance details will arrive by DocuSign. By the time you finish reading, your company laptop is already locked. This happened to up to 30,000 Oracle employees this morning. Oracle reported $17.2 billion in revenue last quarter, its best in 15 years. And it still fired nearly 1 in 5 of its people. The stock went up 6% today. Oracle owes over $108 billion. The company signed a $156 billion deal to build AI data centers over five years, mostly for OpenAI (the company behind ChatGPT). That requires buying roughly 3 million specialized computer chips. Two years ago, Oracle spent $6.9 billion a year on this kind of construction. This year it's $50 billion. The 30,000 people who got that email are funding the gap. Investment bank TD Cowen estimates the layoffs will free up $8 to $10 billion in cash flow, money going straight into chips and construction. Oracle filed a $2.1 billion restructuring plan with regulators in March, and nearly $1 billion had already been spent before the emails went out. Lenders are getting nervous. The cost to insure Oracle's debt against default has spiked to levels last seen during the 2009 financial crisis. Barclays downgraded Oracle's debt in November, warning the company is one step from "junk" status, the point where lenders consider you a serious default risk. Some banks have stopped lending to Oracle for these projects altogether. The gamble gets worse. CNBC reported on March 9 that OpenAI, Oracle's biggest customer for all of this, is already looking at newer, faster chips from Nvidia. Oracle ordered the current generation and spent billions building out a massive Texas facility. OpenAI may not fully expand into it. The chips improve faster than the buildings go up. Larry Ellison, Oracle's founder, owns 41% of the company. In September 2025, Oracle's stock hit $346, and Ellison briefly became the richest person alive at $393 billion. Today, the stock sits around $146. His fortune has dropped to roughly $201 billion in six months. Oracle is spending borrowed money to build data centers that could be outdated before they're finished, for a customer already shopping for newer equipment. 30,000 people woke up to a 6 AM email because that's what it costs to fund a $156 billion bet when your lenders are running out of patience.

👮Police to Doug Coltart: Your march can't happen. 🧑‍🎓Doug: You are violating the constitution. 👮: Sue us then 🧑‍🎓: How about we march and you sue us? 👮: Try it. Doug Coltart IS a Zimbabwean. This is 2019. He had been doing this longer - fighting for your rights too. If you claim he isn't Zimbabwean because he is white - stop being silly.

This is a clear cut case of Theft @PoliceZimbabwe

Anthropic accidentally leaked their entire source code yesterday. What happened next is one of the most insane stories in tech history. > Anthropic pushed a software update for Claude Code at 4AM. > A debugging file was accidentally bundled inside it. > That file contained 512,000 lines of their proprietary source code. > A researcher named Chaofan Shou spotted it within minutes and posted the download link on X. > 21 million people have seen the thread. > The entire codebase was downloaded, copied and mirrored across GitHub before Anthropic's team had even woken up. > Anthropic pulled the package and started firing DMCA takedowns at every repo hosting it. > That's when a Korean developer named Sigrid Jin woke up at 4AM to his phone blowing up. > He is the most active Claude Code user in the world with the Wall Street Journal reporting he personally used 25 billion tokens last year. > His girlfriend was worried he'd get sued just for having the code on his machine. > So he did what any engineer would do. > He rewrote the entire thing in Python from scratch before sunrise. > Called it claw-code and Pushed it to GitHub. > A Python rewrite is a new creative work. DMCA can't touch it. > The repo hit 30,000 stars faster than any repository in GitHub history. > He wasn't satisfied. He started rewriting it again in Rust. > It now has 49,000 stars and 56,000 forks. > Someone mirrored the original to a decentralised platform with one message, "will never be taken down." > The code is now permanent. Anthropic cannot get it back. Anthropic built a system called Undercover Mode specifically to stop Claude from leaking internal secrets. Then they leaked their own source code themselves. You cannot make this up.

SA finally has a broadband map – and it reveals where the gaps are techcentral.co.za/sa-finally-has…

Ingwe Bika LIMS 4.2 released with new features We’re excited to announce the release of Ingwe 4.2, the latest version of Bika’s Open Source LIMS. This update brings significant new capabilities, including an integrated Invoicing module, a NELAP-ready Batch COA for water testing labs, and an enhanced “Dream” setup data set. bikalabs.com/ingwe-bika-lim…