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Chris Remington ( remington@beehaw.org ) MA to Technology · 7 months ago

Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs/day

finance.yahoo.com

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Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs/day

finance.yahoo.com

Chris Remington ( remington@beehaw.org ) MA to Technology · 7 months ago
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It’s unclear exactly how many employees lost their jobs, with reports ranging from 10,000 to 30,000. The latter would represent almost 19% of the company’s 162,000 workers.
  • TehPers ( TehPers@beehaw.org ) 
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    7 months ago

    The job losses are AI-driven, though. The upper management fucked around with pouring billions into AI and found out, and the people who had nothing to do with that decision get to pay for it.

    • Arcka ( Arcka@midwest.social ) 
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      7 months ago

      This has been in motion since before AI was being pushed in everything.

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