AI bet goes awry: Oracle fires 21,000 employees
jpost.com[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
Stories like this are a dime a dozen. It amazes me that these types of companies manage to find talent.
I suppose most of these people are just "doing it for the paycheck" with the expectation that they will eventually get 86’d.
I honestly hate that it has come to this. My parents worked at the same company for decades and enjoyed job security/protection with the help of unions and government that gave a damn about the working class.
Now we — working class — have been reduced to a fucking number. Ellison crime family doesn’t give a shit that you delivered 100X your salary. It’s all about pumping the share price, short term gains and appeasing the Epstein class.
Oracle has found another AGI breakthrough internally.