While 5Eyes (including 🇨🇦) issue statement re cyber AI & need to "prioritize foundational cyber security practices and controls" & how "Secure-by-design and secure-by-default must become standard practice"
Canada is passing a lawful access bill that does exact opposite 🤦♂️
This is really stupid, and it’s not getting enough attention.
The Trump administration is pulling a working $368 million ocean monitoring system out of the water, equipment taxpayers already bought, built, and sank into the deep ocean.
And they are doing it right when the oceans are behaving in ways that alarm the scientists who study them.
Record-breaking temperatures.
A system of Atlantic currents that may be lurching toward collapse.
The response?
Yank out the instruments and walk away.
That is not budgeting. That is smashing the gauges while the engine is on fire and calling it efficiency.
For what? The Trump administration dressed it up as a “nimbler approach” and “smart lifecycle management,” which is fancy nonsense for “we shut it off and hoped nobody would ask why.” There is no return-on-investment analysis. They cannot show taxpayers save a dime, because the gear is already paid for and the science it produces protects real money and real lives.
The kicker: the same people killing the monitors want to mine the deep sea for minerals. So they are destroying the only tools that could measure what that mining does. That is not an accident.
That is the point. You cannot see the damage if you break the instruments first.
https://t.co/MzE4AW1QBv
🦔Cisco is cutting nearly 4,000 jobs, just under 5% of its workforce, on the same day it reported record Q3 revenue of $15.8 billion, up 12% year over year. In the same letter announcing record results, CEO Chuck Robbins told employees the company was eliminating thousands of roles to shift investment toward AI-related work in silicon, optics, and security. The stock rallied roughly 20% on the announcement. Cisco has run annual layoffs in 10 of the last 15 years even during profitable periods, and these cuts come the same week LinkedIn announced 875 layoffs, with 103,000 tech layoffs already tracked across the sector in 2026.
My Take
I have written some version of this story every week for two months, and the same playbook keeps showing up because the incentives keep producing it. Profitable, growing companies are restructuring toward AI work and shedding everything that does not serve that pivot, which is a different category of decision than what most people picture when they hear "layoffs." Telling employees you broke records and then announcing thousands of cuts in the same letter should make anyone uncomfortable, because Cisco just printed record revenue and double-digit growth in the same quarter it told 4,000 employees they were done.
Cisco's 20% stock rally on the combination of strong earnings and aggressive headcount cuts is what I keep coming back to, because investors just told every executive in tech that firing workers during profitable quarters gets rewarded. If I am a Cisco executive watching that response, the logical takeaway is that the next round of cuts should come sooner and be larger, because the market has explicitly priced in the move it wants to see. The 103,000 tech layoffs through May reflect that logic operating at scale across the sector, and the 22-year-olds graduating into this market are walking into an entry-level job environment that fundamentally does not exist the way it did even two years ago.
Hedgie🤗
Women’s Para Hockey of Canada is hosting a great fundraiser on Sunday, May 31st 4pm @ Overflow Brewing Company in Ottawa
Inaugural event featuring some inspiring stories, live music, & great food & drink.
If you want to go or help support, here's the link
https://t.co/MWKuB8nciQ
If you have a moment, please help spread the word on this really great fundraiser that's happening on Sunday May 31st.
#LevelingTheIce
https://t.co/MWKuB8nciQ
Ease the burden on your local water supply and save money in the process! These small lifestyle changes can have a big impact on water demand in local communities.
🚰 Here's our 10 ways to save water at home below: https://t.co/sk38KH0KaW