RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 29 days ago

Oracle fires 21,000 employees to fund AI spending

5

3

Oracle fires 21,000 employees to fund AI spending

RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 29 days ago

5

AI bet goes awry: Oracle fires 21,000 employees | The Jerusalem Post

Oracle 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.

Chat

inmate_p01135809@lemmy.world
link
fedilink
English
arrow-up
1·
edit-2
29 days ago
They can’t. They will rehire/backfill a fraction of it back a year from now at lower salaries.

Hacker News@lemmy.bestiver.se

hackernews@lemmy.bestiver.se

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !hackernews@lemmy.bestiver.se

Community locked: only moderators can create posts. You can still comment on posts.

Posts from the RSS Feed of HackerNews.

The feed sometimes contains ads and posts that have been removed by the mod team at HN.

Source of the RSS Bot

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

556 users / day
1.99K users / week
3.53K users / month
9.35K users / 6 months
1 local subscriber
5.34K subscribers
34.1K Posts
23K Comments
Modlog