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AI bet goes awry: Oracle fires 21,000 employees (www.jpost.com)
submitted 2 months ago by to c/technology@lemmy.world
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[–] 28 points 2 months ago (2 children)

And this was after they fired about 30,000 employees.

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  • [–] 10 points 2 months ago (1 child)

    So now they HAVE to double down and fund this AI infrastructure, because sunk costs dictate that they can’t admit to a bad decision and hire back the terminated employees.

    Just because it’s costly doesn’t mean they aren’t going to push forward with all their might, unfortunately

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  • [–] 5 points 2 months ago

    Anyone with sense still locked in to Oracle products needs to find their nearest exit strategy.

    I know it won't be easy, but the alternative is going to be a lot messier when they completely go to shit and you lose everything.

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