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?
Neo Ehproque@nerdpr0f @cR0w @GossiTheDog there's also differentiating yourself from the competition by making better products.
I'll see myself out.
@ehproque @cR0w @GossiTheDog Belated, but I'm pretty sure stockholders would sue if someone actually did this. "It's a violation of your duty to shareholders to spend money making a better product when there's people you could just fire."