Oracle is swapping humans for #AI 🤖 because who needs employees when you can have datacenters? Meanwhile, US banks are running for the hills 🏃‍♂️💨, proving once again that the best way to handle a financial crisis is to start one.
https://www.cio.com/article/4125103/oracle-may-slash-up-to-30000-jobs-to-fund-ai-data-center-expansion-as-us-banks-retreat.html #Oracle #datacenters #financialcrisis #jobreplacement #bankingnews #HackerNews #ngated
Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

Oracle is considering workforce cuts and selling Cerner to alleviate financial pressure, warns investment bank TD Cowen.

CIO