Oracle fires 21,000 employees to fund AI spending

7 comments

• dmix an hour ago

  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 16 minutes ago

  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 43 minutes ago

  This news is a month old.

• ChrisArchitect 39 minutes ago

  [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

  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

  jpost posting is very interesting !

  [-]
  krona 24 minutes ago

  Larry is big news in Jerusalem, what do you expect?