AI bet goes awry: Oracle fires 21,000 employees

www.jpost.com

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AI bet goes awry: Oracle fires 21,000 employees

www.jpost.com

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Technology@lemmy.worldEnglish · 3 months ago

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AI bet goes awry: Oracle fires 21,000 employees | The Jerusalem Post

www.jpost.com

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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Most of these “trapped” people stop searching for a job.

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