172
AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom (www.jpost.com)
submitted 2 months ago by to c/business@lemmy.world
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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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684
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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92
Oracle fires 21,000 employees to fund AI spending (www.jpost.com)
submitted 2 months ago by [M, B] to c/hackernews@lemmy.bestiver.se
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AI bet goes awry: Oracle fires 21,000 employees (www.jpost.com)
submitted 2 months ago by [M, B] to c/technology@lemmit.online
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This is an automated archive made by the Lemmit Bot.

The original was posted on /r/technology by /u/lurker_bee on 2026-07-23 22:30:23+00:00.