this post was submitted on 07 Mar 2026
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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News (www.livemint.com)
submitted 2 days ago by Deceptichum@quokk.au to c/technology@lemmy.world
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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.

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[–] Tja@programming.dev 1 points 5 hours ago

I work with banks, insurance companies, telecoms, manufacturers and ocassionally retailers in Europe, they all use Oracle for well over half of their applications.