Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News
cross-posted from: https://quokk.au/c/technology/p/732769/oracle-layoffs-tech-giant-to-slash-30000-jobs-as-banks-pull-out-from-financing-ai-data-centr
Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.
https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.htmlOpen linkView original on sh.itjust.works210
Comments26
It's happening !!!
What is happening?
Pop pop pop
Ohhhh… well, probably not a pop but a slow deflation down to a more reasonable size.
Once a bubble is inflated, it never deflates slowly. You can inflate everything else. But the only way a bubble reduces is by popping.
That said, I don't think it's happening right now.
Yeah 20% of US GDP is in a.i. datacenters , this should be interesting.
That’s just blatantly false. A pants on fire lie.
https://www.cnbc.com/2026/01/26/ai-wasnt-the-biggest-engine-of-us-gdp-growth-in-2025.html
If it crashes maybe the interest rates will drop and normal people can buy things again
AI goes well: mass layoffs.
AI goes poorly: mass layoffs
Truly the best system
Yeah well, what's the best way to improve profits for next quarter that both of these things share?
That's right! You have to pay people to work for you...
Welcome to chasing the profit
Article is from Feb 2 FYI.
Oh fuck. This is going to really, really hurt.
And for people that might be gloating about it: it's likely to hurt the very most for the people not in the upper 1% of 1%.
Poor java :(
Don't feel bad for that Java, it was never a good Java... OpenJDK is the Good Java.
Agreed, but they do contibute a lot to the community
Yeah, quite a bit of really good optimizations and stability were done by Sun, now Oracle. The GraalVM stuff is especially interesting...
I'm no fan of Ellison or Oracle; I wish Sun was not acquired by Oracle. Ellison being Ellison, they really really tried to monetize Java the language/platform for some reason.
But at the cost of having Oracle having its mierdas touch
... and MySQL
Use MariaDB instead.
No sympathy for people who work for oracle/blizzard/ea/etc.
They deserve all the abuse they get.
People just want jobs man, lifes hard enough without restricting yourself to "ethical" corportions which dont exist.
That's the mentality that gets people to become prison guards and ice agents. There are plenty of jobs out there, nobody needs to work for these scum companies.
AI needs to die
Yeah, same here. this honestly, truth nuke