this post was submitted on 07 Mar 2026
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113
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 3 hours ago by Deceptichum@quokk.au to c/technology@lemmy.world
11 comments fedilink hide all child comments
 

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.

top 11 comments
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[–] tlekiteki@lemmy.dbzer0.com 1 points 11 minutes ago

old news!

[–] XLE@piefed.social 7 points 1 hour ago

This is technically job loss caused by AI...

[–] FiniteBanjo@feddit.online 17 points 2 hours ago* (last edited 2 hours ago)

YEEEEESSSSSS~

[–] tal@lemmy.today 26 points 3 hours ago (2 children)

Note that the article is from the beginning of February.

[–] Passerby6497@lemmy.world 2 points 1 hour ago

Fuckin explains a lot of the last month's issues

[–] cheese_greater@lemmy.world 10 points 2 hours ago* (last edited 1 hour ago)

Why did it take so long? You'd think these articles are staggered at the request of the owner

[–] pelespirit@sh.itjust.works 12 points 2 hours ago (3 children)

Real jobs or AI jobs.

[–] minorkeys@lemmy.world 2 points 41 minutes ago

That's a good point to remember when future job numbers are shared.

[–] xxce2AAb@feddit.dk 22 points 2 hours ago

It's Oracle: It's not like they deliver value either way.

[–] FiniteBanjo@feddit.online 5 points 2 hours ago

Real Temporary Jobs building and managing the AI Datacenters.

[–] doug@lemmy.today 8 points 2 hours ago

Pull out, don’t pull out, we’re fucked either way.