sanitation@lemmy.today to

Technology@lemmy.worldEnglish · 13 hours ago

AI bet goes awry: Oracle fires 21,000 employees

369

AI bet goes awry: Oracle fires 21,000 employees

sanitation@lemmy.today to

Technology@lemmy.worldEnglish · 13 hours ago

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

CovertOperative@piefed.zip
link
fedilink
English
arrow-up
3·
4 hours ago
There should be a law that if more than x% of the workforce is laid off, the entire C-suite has to go too.

Technology@lemmy.world

technology@lemmy.world

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: !technology@lemmy.world

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

Visibility: Public

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

3.3K users / day
8.53K users / week
15.5K users / month
31.4K users / 6 months
2 local subscribers
86.6K subscribers
10.7K Posts
358K Comments
Modlog