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Technology@lemmy.worldEnglish · 1 month ago

AI bet goes awry: Oracle fires 21,000 employees

cross-posted to:
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AI bet goes awry: Oracle fires 21,000 employees

sanitation@lemmy.today to

Technology@lemmy.worldEnglish · 1 month ago

cross-posted to:
hackernews@lemmy.bestiver.se

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.

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If they try to bail them out, we all stop working and mobilize. Don’t spread defeatism for them.

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