AI bet goes awry: Oracle fires 21,000 employees

[dupe]

Recent related:

Oracle could face $7B collateral bill for Wisconsin data centre

https://news.ycombinator.com/item?id=48993488

S&P Global has lowered Oracle’s creditworthiness from BBB to BBB-

https://news.ycombinator.com/item?id=48909768

And 3 months ago:

Oracle slashes 30k jobs

https://news.ycombinator.com/item?id=47587935

Stories like this are a dime a dozen. It amazes me that these types of companies manage to find talent.

I suppose most of these people are just "doing it for the paycheck" with the expectation that they will eventually get 86’d.

I honestly hate that it has come to this. My parents worked at the same company for decades and enjoyed job security/protection with the help of unions and government that gave a damn about the working class.

Now we — working class — have been reduced to a fucking number. Ellison crime family doesn’t give a shit that you delivered 100X your salary. It’s all about pumping the share price, short term gains and appeasing the Epstein class.

Oracle has found another AGI breakthrough internally.