posted in Technology
AI bet goes awry: Oracle fires 21,000 employees
www.jpost.com/business-and-innovation/tech-and-start-ups/article-903442
The Jerusalem Post | JPost.comAI bet goes awry: Oracle fires 21,000 employees | The Jerusalem PostOracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
Replying to @sanitation@lemmy.today
Jesus. This puts workers at, what, 150-200k laid off this year? Awful.
But I do like that part about mandatory power grid guarantees. If we lived in a reasonable country that would be a federal regulation.
Replying to @FlashMobOfOne@lemmy.world
Yeah. Wisconsin sticking up for itself.
And Oracle’s only angle was, “You’ll regret this. People will go elsewhere!”
Seriously, I don’t see what data centres give their hosts. They barely require a workforce after setup, they rip through resources, they fuck with the environment, they offer no municipal services, and they’re eyesores. At best they’re a form of property tax revenue and I guess rates revenue.
But you might get your response half a millisecond faster? OMG, the benefits!