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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres (www.livemint.com)

submitted 3 weeks ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] Viking_Hippie@lemmy.dbzer0.com 9 points 3 weeks ago (1 children)

To the surprise of zero sane people 😮‍💨🤬

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[–] yogthos@lemmy.ml 9 points 3 weeks ago

I'm a bit surprised the bubble kept going as long as it did. It's absolutely wild how investors just kept throwing hundreds of billions at tech that didn't have any clear business model, no market fit, and wasn't making any substantial revenue.

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