They must be cumming buckets once they realized journalists are gormless enough to blindly regurgitate their press releases about how these are AI driven job losses and totally not layoffs due to typical business fuckery.
Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs/day
Submitted 6 hours ago by remington@beehaw.org to technology@beehaw.org
https://finance.yahoo.com/markets/stocks/articles/oracle-fired-30-000-workers-174000364.html
Comments
Catoblepas@piefed.blahaj.zone 5 hours ago
Midnitte@beehaw.org 6 hours ago
Literally just siphoning wealth from society.
recentSlinky@lemmy.ca 5 hours ago
Just like cancer. And when it comes to cancer there only two options. Let the cancer kill the body, or we “cure” it first.
p03locke@lemmy.dbzer0.com 4 hours ago
I prefer radiation therapy.
ideonek@piefed.social 5 hours ago
It won’t save them.
st3ph3n@midwest.social 5 hours ago
Silicon Valley is rotten to its core.
BestBouclettes@jlai.lu 5 hours ago
If Oracle and Microsoft crash and burn when the bubble pops, it would be absolutely amazing
p03locke@lemmy.dbzer0.com 4 hours ago
Microsoft won’t, but Oracle… I’m having trouble figuring out what Oracle sells nowadays that is worth paying money for. Are there really that many companies still hooked on Oracle’s DB?
bl4kers@beehaw.org 14 minutes ago
Oracle owns Cerner, the largest IT medical provider. No major competitor either, since they’re multinational and most competitors are single country or regional
MagnificentSteiner@lemmy.zip 2 hours ago
There are a lot of big companies using Hyperion Financial Management, Hyperion Planning and other EPM stuff.
Midnitte@beehaw.org 2 hours ago
Microsoft uses Oracle, to give you a sense of scale.