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

Plus more of TechCrunch's top stories this weekend

View this email online in your browser  May 10, 2026 TechCrunch Top 3 Laid-off Oracle workers tried to negotiate better severance. Oracle said no. : Some found out they didn't qualify for WARN Act protections like two-months notice because the company had classified them as remote workers. Read More Fintech startup Parker files for bankruptcy: Parker, a well-funded startup offering corporate credit cards and banking services, has filed for bankruptcy and is widely reported to have shut down. Read More Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high: Cloudflare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles. Read More A message from TechCrunch Events Next StrictlyVC stop: Athens on May 27 Join us for another round of insider perspectives from the investors and founders shaping Europe’s tech landscape. Past speakers include Kaedim founder Konstantina Psoma, Hack the Box founder Haris Pylarinos, and Prime Minister of Greece Kyriakos Mitsotakis. Expect the same high-caliber voices this year. Space is limited. Secure your spot now. Register Now Sunday Must-Reads San Francisco's housing market has lost its mind: The invisible force behind all of this is no mystery to anyone paying attention to the city's tech economy. San Francisco is home to some of the most valuable private companies in the world, and their employees have been quietly accumulating — and, increasingly, cashing out — fortunes. Read More US defense contractor who sold hacking tools to Russian broker ordered to pay $10M to former employers: Former cybersecurity executive Peter Williams stole several surveillance and hacking tools and sold them for $1.3 million to a Russian broker that works with Putin’s government. Read More Intel's comeback story is even wilder than it seems: 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. Read More So you've heard these AI terms and nodded along; let's fix that: The rise of AI has brought an avalanche of new terms and slang. Here is a glossary with definitions of some of the most important words and phrases you might encounter. Read More The hottest place for startups to strike a deal? The F1 paddock: F1 Grands Prix have emerged as a new place to see and be seen if you are a founder or investor. Read More A message from Ai4 Don’t Miss Ai4 2026 — America’s Largest AI Conference Join 12,000+ execs, founders, and investors exploring the breakthroughs, strategies, and market opportunities shaping AI. Dive into AI agents, RAG, MLOps, applied ML, and more — with 400+ exhibits, 1000+ speakers, keynotes from Geoffrey Hinton, Fei-Fei Li, and Andrew Ng, and peer networking. Taking place on August 4–6 at The Venetian in Las Vegas. Register Now Disrupt 2026: Where deals and ideas ignite Oct 13–15 at San Francisco's Moscone West, 10,000 founders, investors, and operators gather for high-signal insights, curated connections, and real momentum. Register Now! Last but Not Least Voice AI in India is hard. Wispr Flow is betting on it anyway.: Wispr Flow says growth accelerated in India after its Hinglish rollout, even as voice AI products continue to face challenges. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107

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

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  May 08, 2026 TechCrunch Top 3 Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high: CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles. Read More US defense contractor who sold hacking tools to Russian broker ordered to pay $10M to former employers: Former cybersecurity executive Peter Williams stole several surveillance and hacking tools and sold them for $1.3 million to a Russian broker that works with Putin’s government. Read More Uber partner Avride is under investigation for self-driving crashes: The National Highway Traffic Safety Administration has opened an investigation into Avride after identifying more than a dozen crashes and one minor injury. Read More Disrupt 2026: Where deals and ideas ignite Oct 13–15 at San Francisco's Moscone West, 10,000 founders, investors, and operators gather for high-signal insights, curated connections, and real momentum. Register Now! A message from Fidelity Your Pitch Isn’t the Only Thing Investors Are Evaluating.   Investors don’t just listen to what you say - they look at how your company operates. Is ownership clear? Do your numbers match your story? Can you answer follow-up questions without digging through spreadsheets? The Fundraise-Ready Startup Kit equips founders with the materials investors expect to see, before pressure is on. Because confidence in the room doesn’t come from slides. It comes from preparation.  Learn More Afternoon Must-Reads Intel's comeback story is even wilder than it seems: 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. Read More The biggest US power grid is under strain from AI — and no one is happy: PJM Interconnection — which oversees the grid for some of the densest data center developments on Earth — wants to overhaul itself. Not everyone thinks it's up to the task. Read More Pentagon releases UFO files on new website: The initial set of files housed on the site will include those containing unidentified anomalous phenomena (UAP) videos, photos, and original source documents from across the entire U.S. government. The materials have been reviewed for security purposes, but many have "not yet been analyzed for resolution of any anomalies," the Department's statement read. Read More Lime, the Uber-backed micromobility company, files for IPO: After years of hints and preparation, Lime plans to enter the public markets. The company intends to list on ​Nasdaq under the ticker symbol "LIME." Lime did not share terms of the offering. Read More Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul: More than 500 people will be affected by the closures. “We must refocus on our core business,” Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable foundation for a successful strategic realignment. This forces us to make painful cuts — including our subsidiaries." Read More A message from TechCrunch Events Offer ends tonight: Get a second Disrupt pass at 50% off Buy one pass and get a second of the same type for 50% off. Bring a partner or colleague with you and get more out of Disrupt together. Tap into 200+ sessions, make high-value connections, and gain insights that can move your startup forward or shape your next big investment. Register before the clock hits 11:59 p.m. PT tonight. Register Now Last but Not Least Poland says hackers breached water treatment plants, and the US is facing the same threat: A report by Poland’s top intelligence agency accused Russia of sabotage and hacking activities against the country’s military and civilian infrastructure. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107