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Sources with knowledge of the matter told The Information on Friday that Oracle considered cost reductions of over $1 billion that could result in thousands of layoffs as early as August.
According to the report, the move would affect mainly the US and European staff. In addition, units such as marketing for software applications and e-commerce functions would also be impacted, the sources added.
DO NOT BUY THE US STOCKS in this TULIP MANIA OVERVALUATION! The US Market will SOON COLLAPSE BIG TIME! The worst days are ahead!
The US Government continues to PRINT DOLLARS, buying the US Stocks via infinite margin trading desks to PUMP the Prices artificially to giveaway trillions of dollars in the form of capital gains!
Inflation is Skyrocketing, but the US Government continues to PRINT Dollars and PUMP the US Stock Prices Artificially, while the Economy is Collapsing, Corporate revenues are tanking, the Valuations are Hyped at Max, the real resources are getting depleted.
The main problem is ABSURD OVERVALUATION! Nasdaq Composite and other Fraudulent US Stock indexes got PUMPED by 150-180% in the last 1.5 years ARTIFICIALLY via infinite margin trading desks! The US Stock PONZI SCHEME will NOT last long! Nasdaq Composite was at 4500 not long time ago, with better fundamentals, but now the US Government turned the stock market into a free and quick capital gains sources via infinite dollar printing!
The Solution: the world must reject the US Dollar as international reserve and trading currency!
Soon insanely Hyped US Stock prices will COLLAPSE BIG TIME! Expect a HEAVY CORRECTION!
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