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.
  • Kurtismayfield@lemmy.zipEnglish
    21·
    1 month ago

    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.

    • Bieren@lemmy.todayEnglish
      6·
      1 month ago

      “Double digit YoY or get out. Doesn’t matter how many people you have to fire or how hard to exploit the ones you keep. Double digit or GTFO.” -Shareholders

    • ZILtoid1991@lemmy.worldEnglish
      41·
      1 month ago

      Besides the usual CEO shenanigans, they really want AI to succeed, to replace usually leftist intellectuals with a far-right AI.

      • Kurtismayfield@lemmy.zipEnglish
        2·
        29 days ago

        I want cold fusion, cancer to be cured for 1 dollar, and flying ponies. But I know I’m not getting those.

        They aren’t going to get true AI either.