Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

mint
What does Oracle even do?

They used to sell a pretty good (if complex) database system. However it hasn’t been popular for many years. I assume they still have big customers who are locked in.

These days they’re just another amorphous “cloud service provider”, and not a good one either.

In IT the golden rule is regardless of technical media, you do not want a business relationship with Oracle under any circumstances.

They will use that foot in the door to make your life hell with audits and invoicing crap you never bought.