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:
Knud JahnkeAlso Ellison needs the money to bring the remaining US media under Trump's control.
Joe ❌👑@knud @GossiTheDog But the Ellisons borrowed so much to make all of their media acquisitions that they will need to do massive cutbacks and layoffs to deal with the debts.
That's what I mean.