lumpenproletariatMar 7

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
Show threadqevlarrMar 8
What does Oracle even do?
Show threadExLisperMar 8
They sell software that sits so deep in people’s stack that replacing it takes tons of effort. Companies calculate that it’s cheaper to keep paying Oracle than to rewrite crucial services.
Show threadclif

It took three years but we’ve almost rooted it all out.

There’s still one ancient product that will (theoretically) decommission in mid 2028. It makes with money to cyber the Oracle licensing but isn’t worth reworking to migrate.

Knowing how decom goes, I’m sure it’ll still be running in 2035 with that one last client who “can’t move to the newer, better, easier project because… Reasons (I don’t wanna)”

Mar 8 at 10:24pmWeb