Oracle have laid off 30k employees today. They did it to personal email accounts at 6am π«‘ saying they needed the money to spend on GenAI instead. https://thenextweb.com/news/oracle-layoffs-march-2026
Oracleβs share price since they went GenAI nuts:
@cR0w @GossiTheDog That, more than anything else, explains the layoffs.
There's only like 3 levers for companies to pull at the moment to really juice stock price. Layoffs, AI (which implies future layoffs), and stock buybacks. Odds that they use the money saved from these layoffs for buybacks in, say, a year?
@mttaggart @nerdpr0f @cR0w @GossiTheDog WB owns an amazing amount of stuff, yeah. But some of it tanking would definitely be in their best interests long term: Discovery Channel, Science Channel, CNN, WB International, World Heritage Channel
Uninformed, under educated people are a valuable political resource.
@mttaggart @nerdpr0f @cR0w @GossiTheDog And that's not getting into the stuff the Ellison clan owns directly.
The rest can be used for large scale social engineering (in the sense of engineering social structures toward a particular end).
@drwho @nerdpr0f @cR0w @GossiTheDog My sense is CNN is the reason for the purchase; the rest is fluff. But it still has to make money to account for the bananas investment, or Larry is footing the bill.
And uh, CBS does not bode well for that prospect.
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