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Veserr@sh.itjust.works to Technology@lemmy.worldEnglish · 1 day ago

Tech giant Oracle cuts 21,000 jobs as it embraces AI

www.bbc.com

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Tech giant Oracle cuts 21,000 jobs as it embraces AI

www.bbc.com

Veserr@sh.itjust.works to Technology@lemmy.worldEnglish · 1 day ago
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The cuts are part of a wider trend among tech firms as they spend hundreds of billions of dollars on AI.
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  • melsaskca@lemmy.ca
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    6 hours ago

    That’s good, I guess? Most businesses who license Oracle should see their rates go down considerably. Right? /s

  • Bread@thelemmy.club
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    8 hours ago

    That’s a strange move while other companies have already said this doesn’t work and are hiring people back. Of course the people they hire back are H1B contractors at lower rates with less benefits. AI is just an excuse to lower wages.

  • lonesomeCat@lemmy.ml
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    9 hours ago

    Just proves how dumb they fucking are. Software industry is gonna be a mess real soon.

  • greyscale@lemmy.grey.ooo
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    9 hours ago

    Is there anyone left at Oracle?

    • whotookkarl@lemmy.dbzer0.com
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      8 hours ago

      Larry and his lawyers

      • greyscale@lemmy.grey.ooo
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        8 hours ago

        The best thing that can come out of the implosion of Oracle (other than the influence death of the Ellisons) is that Paramount might escape the grasp of his brother.

  • Microtonal_Banana@lemmy.zip
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    8 hours ago

    And now they will probably raise prices too.

  • siravious@lemmy.world
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    16 hours ago

    Fuck that shithole company

  • Formfiller@lemmy.world
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    17 hours ago

    This fascist piece of dickskin is just as dangerous as Thiel and musk.

  • c64z86@piefed.world
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    20 hours ago

    In other words Oracle bosses do something very scummy and blame it on AI, hoping people will be angry at it instead of where the blame really lies.

  • onlyhalfminotaur@lemmy.world
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    19 hours ago

    Oracle is in a really bad position financially on ai. Is this the beginning of the downfall?

    • Formfiller@lemmy.world
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      17 hours ago

      No they are banking on the digital ID dystopia across the uk and Europe

  • CompactFlax@discuss.tchncs.de
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    7 hours ago

    Did someone over leverage themselves on AI datacentre buildouts paid for with money that doesn’t exist?

    Cry me a river, Larry. I hope you die impoverished.

    • earthworm@sh.itjust.works
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      20 hours ago

      I’m sure Larry will be just fine

    • Encrypt-Keeper@lemmy.world
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      18 hours ago

      Yes they laid these folks off for the express purpose of funding more datacenter buildouts because they were not funding banks willing to to loan them the capital.

  • bacon_pdp@lemmy.world
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    1 day ago

    Only fools would buy or use Oracle products. They will only ever fuck you over.

    The pricing for the 2038 patch is going to be steep.

    • Evotech@lemmy.world
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      1 day ago

      They didn’t know that when they hard locked themselves into oracle 20 years ago

  • squeeG@piefed.blahaj.zone
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    1 day ago

    I’m so glad I never pursued Oracle DB as a career, I was considering it at one point in the early 2000s, even went to school. I would have been making a good $100k+ a year instead of struggling along, but at least I still have a soul :P

    • HAL_9_TRILLION@lemmy.dbzer0.com
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      1 day ago

      I mostly used postgres in my work but we had one master server that had to be oracle for reasons so I took a class. The class mostly taught me that I wanted nothing to do with oracle.

  • yeehaw@lemmy.ca
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    1 day ago

    Your first mistake was working for Oracle. They’ve always been a shit company.

  • Ioughttamow@fedia.io
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    1 day ago

    One rich asshole called Larry Ellison

  • NullPointerException@lemmy.ca
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    1 day ago

    And then they release a Security Patch Update, but don’t release the patches needed until a week later. So I had a document urging me to install an unavailable patch.

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