posted in Technology
AI bet goes awry: Oracle fires 21,000 employees
www.jpost.com/business-and-innovation/tech-and-start-ups/article-903442
The Jerusalem Post | JPost.comAI bet goes awry: Oracle fires 21,000 employees | The Jerusalem PostOracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
Replying to @sanitation@lemmy.today
Couldn’t happen to a better group of companies. Let them all beg for bailouts and be denied.
Replying to @comador@lemmy.world
Yeah no they’re 100% gonna get bailed out. All they have to do is kiss the ring and they’re golden.
But fuck all of us, I guess.
Replying to @gravitas_deficiency@sh.itjust.works
Butt* fuck?
Ftfy
Replying to @unitedwithme@lemmy.today
Opportunity wasted
Replying to @gravitas_deficiency@sh.itjust.works
If they try to bail them out, we all stop working and mobilize. Don’t spread defeatism for them.