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lemmy - Link to source

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

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.
Swastika Das Sharma (mint)
#technology
in reply to chobeat

dan1101
lemmy - Link to source
dan1101
• •
Wow not only do they plan to lay off tens of thousands, they want customers to help pay for data centers and bring their own hardware. Oracle is acting like they're poor.
in reply to chobeat

Toto
lemmy - Link to source
Toto
• •
Bla bla national security, bla bla too big to fail, bla bla government bail out, bla bla stock buy back
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