Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat

Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by Ancalagon on Sunday March 08, 2026 @04:34PM (#47301125)

Unless the benefits of AI get communalized (UBI, or some other form of sharing), ya.

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Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by joquarky on Sunday March 08, 2026 @07:38PM (#47302851)

How would that work? Taxes are already full of perverse incentives. Certainly anything resembling UBI will be just as bad.

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Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by Ancalagon on Sunday March 08, 2026 @07:58PM (#47303027)

You’re not wrong - I was just giving that as an example but not saying it’s the right thing to do.

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Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by bluefirebrand on Sunday March 08, 2026 @07:38PM (#47302857)

I don't think there is any compelling reason to believe this will actually happen

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