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sanitation@lemmy.today to Technology@lemmy.worldEnglish · 12 hours ago

AI bet goes awry: Oracle fires 21,000 employees

www.jpost.com

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AI bet goes awry: Oracle fires 21,000 employees

www.jpost.com

sanitation@lemmy.today to Technology@lemmy.worldEnglish · 12 hours ago
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54
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  • cross-posted to:
  • hackernews@lemmy.bestiver.se
  • technology@lemmit.online
AI bet goes awry: Oracle fires 21,000 employees | The Jerusalem Post
www.jpost.com
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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.
  • Llamatron@lemmy.world
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    5 hours ago

    I’ve worked in IT for close to 30 years and I’ve never met anyone with a good word to say about Oracle. I remember them being notorious for auditing their customers and nailing them to wall for even the slightest perceived infraction of their convoluted license agreements. I don’t understand how they still exist.

    • btsax@reddthat.com
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      11 minutes ago

      They’ve sponsored some really cool sailboats

      https://en.wikipedia.org/wiki/Oracle_Team_USA

    • FarceOfWill@infosec.pub
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      29 minutes ago

      Once you start using their software you cannot stop

    • Taleya@aussie.zone
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      2 hours ago

      Military contracts

    • SeductiveTortoise@piefed.social
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      5 hours ago

      Yes but on top their software is clunky and lacks basic usability?

    • trackball_fetish@lemmy.wtf
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      3 hours ago

      Broadcom support portal goes brrrrrr

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