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    Oracle hat in der letzten Entlassungsrunde Tausende gekürzt, da das Unternehmen seine KI-Ausgaben weiter erhöht

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    1. thrway-fatpos on

      Happy to see the excuse has gone from „we’re replacing everyone with AI“ to „this is a sunk-cost technology that’s costing us exponentially more simply to not admit defeat and we need to sacrifice everyone“

    3. Specialist_Heron_986 on

      Imagine a near future where society is one AI triggered glitch from an scifi dystopia level event.

    4. StradlatersFirstName on

      30,000 people’s lives upended without warning. This is evil stuff

    5. NthDegreeThoughts on

      Larry’s bonus for damaging so many people’s lives will sadly be astronomical. Hope Oracle goes down hard.

    7. OverWolverine1514 on

      Making America poorer one layoff at a time. Unemployment must be through the roof
      I hope Democratic Party can find new leadership and take over

    8. FreezingRobot on

      They need to goose the stock price so David can keep using Daddy’s money to buy things. It was over $300 in September, now it’s slipping down under $140.

      Idiots see layoffs and go „oh this company is making the hard decisions to turn things around“ and buy the stock higher. I doubt Ellison gives a single thought to the people he’s throwing out onto the street without a job.

    10. Window-Inevitable on

      I’m starting to think that the tech industry is run by absolute psychopaths, completely detached from reality.

    11. sfaticat on

      They wrote the title wrong. Its supposed to say they are laying off because of AI

    12. kummer5peck on

      AI is going to go down in history as the worst unforced error people have ever inflicted upon themselves.

    13. _ashwathama on

      They will be paid only for 15 days from today wow!! Atleast amazon kept folks for 3 months on payroll

    14. meaniemeanie-poo-poo on

      And they have such a great track record of doing things right…

      …right Cerner?

    15. GutsAndBlackStufff on

      On top of all this, they closed the cafe at the building my office is in. Their burgers were amazing and cheap!

    16. IHS1970 on

      looking forward to the day (soon I hope) when Oracle is delisted on the stock exchange. Their products pulled and it’s bought a fire sale of engineers and programmers.

    18. merRedditor on

      Oracle, Palantir, and a sea of data centers with no drinkable water or breathable air are all the world really needs, right?

    19. Snoo_97811 on

      Not being laid off but I have been thru this myself. Take advantage of every benefit that is offered after the layoff medical and including your states unemployment insurance.

    22. throwitawayorsome on

      Bet the rich execs of Oracle would feed some of the laid off people if eaten

    24. Emotional_Produce766 on

      We are releasing all these products but salary’s aren’t going up yet we’re firing people smh.

    25. gizamo on

      I’ve said it regularly for a few decades, and I’ll certainly say it again, but…

      Fuck Oracle. Fuck them with an unlubed pineapple.

    26. TheodoreHollister on

      By the way, the “thousands“ is THIRTY THOUSAND people. Largeat mass lay off since GM and Circuit City in 2009. The real unreported story here is that Oracle took on 60 BILLION in debt the past two months. Even though they posted a 95% increase in net income last quarter, to maintain funding in the AI arms race, they have to fire 20% of their workforce just to remain solvent.

    27. Practical_Log_7915 on

      It’s interesting that Oracle has cited a reallocation of funds – towards AI data centers as the reason for these layoffs. They did not say that these jobs can now be done by AI, which in a way is saying “these jobs are just actually not needed at all.” Idk if that is worse or better. What happens when the technology to actually replace these jobs is ubiquitous and ready for deployment at scale? It’s coming…. This should be no surprise the way the world is going and Oracle publicized their intent to do this last week. White collar corporate work is adult day care anyways, and it is that x10 at Oracle. I sympathize for these people getting laid off is a shitty feeling and painful in the short term. This is only the beginning of mass layoffs and my advice is to pivot to the trades.

    28. NIDORAX on

      These Heavy emphasis on AI is going to bite them in the ass in a few years from now when they realise that the AI cost them more money than they can actually make. Those people who lost their jobs to AI should make their own company and compete against them.

    29. GO0BERMAN on

      „Cutting 20,000 to 30,000 employees could lead to $8 billion to $10 billion in incremental free cash flow, TD Cowen analysts wrote in a January note.“

      I seriously doubt that these employees and operational cost are all 300k+ per year each…

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