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Oracle slashes 30,000 jobs with a cold 6 a.m. email (rollingout.com)

submitted 2 days ago by geneva_convenience@lemmy.ml to c/technology@lemmy.ml

5 comments fedilink hide all child comments

It was not a phone call. It was not a meeting. For thousands of Oracle employees across the globe, Tuesday morning began with a single email landing in their inboxes just after 6 a.m. EST — and by the time they finished reading it, their careers at one of the world’s largest technology companies were over.

Oracle has launched what analysts believe could be the most extensive layoff in the company’s history, with estimates suggesting the cuts will affect between 20,000 and 30,000 employees — roughly 18% of its global workforce of approximately 162,000 people. Workers in the United States, India, and other regions all reported receiving the same termination notice at nearly the same hour, sent under the name “Oracle Leadership.”

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[–] ulu_mulu@lemmy.zip 22 points 2 days ago (1 children)

The layoffs are directly tied to Oracle’s aggressive and debt-heavy expansion into artificial intelligence infrastructure
money the company urgently needs to fund a massive buildout of AI data centers

The bubble can't burst soon enough.

[–] geneva_convenience@lemmy.ml 17 points 2 days ago* (last edited 2 days ago) (2 children)

I have a feeling Larry Ellison spending billions buying up TikTok and other media to turn them into Zionist propaganda rags might also be playing a role

[–] ferric_carcinization@lemmy.ml 6 points 2 days ago (1 children)

Real or imaginary billions?

[–] ThirdConsul@lemmy.zip 3 points 2 days ago

Both IIRC.

[–] eldavi@lemmy.ml 4 points 2 days ago* (last edited 2 days ago)

as a former cog in this particular machine, it always felt like capturing tiktok to bend it to the zionist will was always the goal given the relatively paltry amount of development resources they gave to the project combined with how clearly the presidential and congressional bans were used pressure bytedance; mostly i remember the phrase "this goes WAY above our heads" repeated by oracle people in the meetings every time the bytedance architects pushed back.

i probably would have been caught in this layoff and it makes me so glad i jumped ship before this and the isreali loyalty decree happened.