c/tech · by rimu@piefed.social · 182d

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

https://www.cio.com/article/4125103/oracle-may-slash-up-to-30000-jobs-to-fund-ai-data-center-expansion-as-us-banks-retreat.html

Oracle is now struggling to get loans to pay for its data center buildout to meet its $300B deal with OpenAI. They may need layoffs to come up with the money.

12 points · 1 comments · view on lemmy.world

1 Comments

Diplomjodler3@lemmy.world · 1 pts · 182d

Dominos starting to fall.