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A comment on Tech giant Oracle cuts 21,000 jobs as it embraces AI. Parent comment

Re:Tech giant Oracle cuts 21,000 jobs as it embraces AI by breckenedge on Tuesday June 23, 2026 @08:43AM (#48644097)
Oracle overcommitted on behalf of OpenAI, taking on debt to meet their obligations. Not that healthy companies are not also doing ridiculous layoffs, but in this case, Oracle does have to do some drastic things to get out of this tailspin.
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Re:Tech giant Oracle cuts 21,000 jobs as it embraces AI by missedthecue on Tuesday June 23, 2026 @11:16AM (#48646395)
Tailspin? Last quarter was their best quarter ever in terms of topline, and they cleared over $4B in profit.
[ Parent | on HN ]