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?

I’ve been a software engineer for over 20 years now and tbh I couldn’t tell you even if my life depended on it. I know it’s a shit tier hosting service that people use because they offer 5$ worth virtual server for free with a valid credit card but that’s about it.

It’s one of those ancient paper shuffling IT companies that is 95% sale/middle mamager leeches, 5% wizard engineers carrying everything on their shoulders.

Is this hyperbole? I really doubt someone can be a SWE for even 2 years and not know what oracle does…

Nope, I’m not an american and oracle is really not that well known outside of american corporate tech.

Mysql and Java were very big in Europe but as developer you don’t really interact with Oracle at all and even then everyone’s using openjdk since early 2010s so really if you’re not working in american enterprise you never even going to encounter Oracle’s name let alone interact with them.

My only interaction was calling their support trying to explain what a debit card is because Oracle is so brokenly american that they don’t understand the difference between debit and credit.

I work with banks, insurance companies, telecoms, manufacturers and ocassionally retailers in Europe, they all use Oracle for well over half of their applications.