Cursor told staff at an all-hands that SpaceX could close its $60 billion acquisition of the coding startup as soon as the end of next week, and that the Cursor brand name will likely be phased out afterward.
Oracle told OpenJDK contributors they may use AI to debug and review, but may not submit its output as patches. Larry Ellison has spent the same stretch telling investors Oracle barely writes its own code anymore.
A Noema essay arguing that tech's malaise isn't really about layoffs — it's that the ladder people were told to climb stopped being believable, and no replacement story has arrived.
Employers shed 23,000 jobs in July with unemployment at 4%, an unexpected contraction that had markets dialing back rate-hike expectations within the hour.