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Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

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rimu@piefed.social

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Oracle is now struggling to get loans to pay for its data center buildout to meet its $300B deal with OpenAI. They may need layoffs to come up with the money.
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Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

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rimu@piefed.social

Oracle is now struggling to get loans to pay for its data center buildout to meet its $300B deal with OpenAI. They may need layoffs to come up with the money.

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Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

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