• If Oracle and Microsoft crash and burn when the bubble pops, it would be absolutely amazing

    • 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?

    • They’ll be expecting government handouts to not go bankrupt and that’s why they’re spending as much as they can. They’ll get that money back anyway.

  • 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.

    • 2 months

      The job losses are AI-driven, though. The upper management fucked around with pouring billions into AI and found out, and the people who had nothing to do with that decision get to pay for it.

      • 2 months

        This has been in motion since before AI was being pushed in everything.

  • Can you imagine if tech workers decided they might want to unionize? That would be an exciting day.

    • They should, although it’s a bit late. Should have done it long before everyone got fired.

  • Wouldn’t/shouldn’t investors see huge layoffs like this as a sign that the company isn’t doing too hot? In a logical world the stock price should be plummeting right now… Oh they’re down 25 % so far this year, so maybe it is.

  • This is a sign they know they’re near the end. They’re looting everything they can before the company crashes.