Kevin BeaumontOracle have laid off 30k employees today. They did it to personal email accounts at 6am 🫡 saying they needed the money to spend on GenAI instead. https://thenextweb.com/news/oracle-layoffs-march-2026
Oracle’s share price since they went GenAI nuts:
cR0w 🏴☠️
Rob O 
@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?
Taggart@nerdpr0f @cR0w @GossiTheDog Daddy Ellison may have to use the cash to back up David's misadventure with Warner
The Doctor@mttaggart @nerdpr0f @cR0w @GossiTheDog I don't think it's a misadventure. It's working quite nicely in their favor.
@drwho @nerdpr0f @cR0w @GossiTheDog Warner has historically been a toxic asset, and David's ideas for making it more valuable are deranged.
@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).
Mike Roach@mttaggart @drwho @nerdpr0f @cR0w @GossiTheDog It’s like when Oracle bought Sun just so they could own Java and patent troll Google and everyone that used it. Oracle and the Ellisons are parasites.