| ▲ | Oracle fires 21,000 employees to fund AI spending(jpost.com) | |||||||
| 59 points by DemiGuru 2 hours ago | 8 comments | ||||||||
| ▲ | beardyw a minute ago | parent | next [-] | |||||||
AI companies want their customers to lay off people so that when they turn up the prices to "barely profitable" they will be forced to pay up. | ||||||||
| ▲ | dmix an hour ago | parent | prev | next [-] | |||||||
AFAIK this article is not discussing new layoffs, this was previously discussed 3 months ago https://news.ycombinator.com/item?id=47587935 The angle of the article is basically they did these layoffs and now also face some serious debt risks. Which was also obvious a few months ago. Oracle made a huge gamble, even more so than other big tech firms. | ||||||||
| ▲ | unaib 26 minutes ago | parent | prev | next [-] | |||||||
Very good timing for this contract with the Pentagon then,at just the right amount. https://ca.finance.yahoo.com/news/pentagon-awards-oracle-nea... | ||||||||
| ▲ | ecocentrik an hour ago | parent | prev | next [-] | |||||||
This news is a month old. | ||||||||
| ▲ | ChrisArchitect an hour ago | parent | prev | next [-] | |||||||
[dupe] Recent related: Oracle could face $7B collateral bill for Wisconsin data centre https://news.ycombinator.com/item?id=48993488 S&P Global has lowered Oracle’s creditworthiness from BBB to BBB- https://news.ycombinator.com/item?id=48909768 And 3 months ago: Oracle slashes 30k jobs https://news.ycombinator.com/item?id=47587935 (also this exact article yesterday with a bunch of upvotes and comments, but doesn't matter https://news.ycombinator.com/item?id=49025754) | ||||||||
| ▲ | danlitt an hour ago | parent | prev | next [-] | |||||||
Just one more hit. Just one more hit. We're gonna make it this time. It's going to the moon.... | ||||||||
| ▲ | sciencesama an hour ago | parent | prev [-] | |||||||
jpost posting is very interesting ! | ||||||||
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