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S&P downgrades Oracle stock to BBB- (www.heise.de)

submitted 2 months ago by rimu@piefed.social to c/technology@lemmy.world

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Only one notch above junk level.

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[–] kreskin@lemmy.world 3 points 2 months ago (1 child)

Oracle does layoffs regularly. Theres always another one coming.

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[–] boonhet@sopuli.xyz 2 points 2 months ago

On the one hand, I hate layoffs. On the other hand, clearly whichever employees get laid off next haven't been doing anything useful because literally nobody at Oracle has.

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