Couldn't happen to a better group of companies. Let them all beg for bailouts and be denied.

I've worked in IT for close to 30 years and I've never met anyone with a good word to say about Oracle. I remember them being notorious for auditing their customers and nailing them to wall for even the slightest perceived infraction of their convoluted license agreements. I don't understand how they still exist.

I used to work for Oracle and this pleases me. Nobody should have to work for Oracle.

Start forcing users to use AI
lose staff
Fire staff so that AI can take over
lose staff
Find out AI can't replace the users, get devalued
lose staff

seems pretty toxic

Chinese open-source models are becoming the norm. You don't need the latest model from ChatGPT (e.g., a Ferrari) to complete your task. A simple Honda will suffice (open-source models), and it uses a lot less energy since it runs on your home or company's infrastructure.

Because of that, I predict that we're going to see a lot of financial hardship among AI companies.

Jesus. This puts workers at, what, 150-200k laid off this year? Awful.

But I do like that part about mandatory power grid guarantees. If we lived in a reasonable country that would be a federal regulation.

This shit is literally ruining the industry for developers/engineers.

At least most of the ones I know and work with.

Imagine. Oracle not being relevant. The dream

Last week we received the CPU (Critical Patch Update) for Oracle products, which is a list of strongly recommended patches. They issue 4 per year (end of January, April, July and October). ALL patches were late.

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

Ellison: job creator destroyer.

Why does Larry Ellison give me such crazy uncanny valley vibes?! Is his head too long? Moustache too narrow? Generally too smooth? It has fucked me up all day scrolling past this image.

No matter how much I try, all I see in this picture is Mel Brooks as President Skroob sniffing Air out of a can.

Fucking wild to read the article. Oracle got pissy because regulations said you can't just shove datacenter electricity costs on people.

You say that like it wasn't the goal

I wonder if it's related at all to this ongoing trend ( How Money Works on YouTube). Tech Bros got sore about the post-epidemic culture at their companies: People wanted to work from home, and knew that their talent was important so they got bold asking for pay raises and benefits.

And the tech bros took this personally. So first came the RTO mandates (which got rid of some techs, specifically the best and brightest) and then came later layoffs, some of which were blamed on AI automation.

AI automation was never actually that much further along.

Anyway, they laid off too many people, to the point that the remaining workforce didn't know how to run the business and the tech. So they had to hire back some of the greybeards, and are still replacing lost positions with rookies fresh out of college.

To fund the rapid expansion, Oracle took aggressive efficiency measures and enacted a sweeping wave of layoffs. By the end of fiscal year 2026, the company's workforce was slashed by about 21,000 employees, a decline of roughly 13%, from 162,000 to 141,000 workers. The deep cuts followed an operational restructuring driven in part by the internal adoption of AI technologies.

If I read this new article right, they're just talking about the layoffs from ORCL's March/April 2026, which was their last fiscal year, which ended May 31 2026. I think this is just repeating old news. Anyone else read it that way?

As a result, Oracle is now required to provide cash collateral or a letter of credit in the astronomical sum of over $7 billion just to connect the building to the power grid, a setup whose ongoing maintenance will cost the company more than $100 million annually.

That seems to be what this article really has for news and that's really funny, IMO. Go get 'em, Wisconsin.

Imagine failing this hard at your job and keeping it.

And I know his job is to keep the stock price high.. but 28 percent growth over the last five years in tech is still failing at your job.

Why is this news for a site like Jerusalem Post?

Buying Time Warner seems poisoned for digital companies, or their owners.

Fire Larry and sell his stock and his yachts and you'll be in the black again.

Maybe I might use Qemu/KVM instead of Oracle Virtual box cause of their controversies.
(I am using KVM backend on Virtualbox)

Are you americans ready for the bailout? Open your wallets wide!