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
Couldn’t happen to a better group of companies. Let them all beg for bailouts and be denied.
Replying to @comador@lemmy.world
While I agree with the anti Oracle sentiment, that’s 21,000 employees that didn’t say they wanted AI BS. The suits and ceos that do this aren’t the ones that pay the price. It’s always the ordinary people like you and I.
I don’t think employees can really be separated from the company mission. They might not be the ones who benefit the most, but they still receive some benefit in exchange for producing the outcome.
People resign from roles on ideological grounds all the time.
Replying to @fizzle@quokk.au
I’ve resigned on ideological grounds twice. It’s hard to do, especially if you don’t have a safety net or savings to tide you over until your next job. That being said, I think that executive pay should be reduced to compensate for job losses (as a payout to all the people who got fired) anytime shit like this happens. Make the C suite take accountability for their gambles.
Replying to @Oni_eyes@sh.itjust.works
I have too, and paid dearly for it. I’m of mixed mind. Most people are trapped.
Replying to @themaninblack@lemmy.world
Most of these “trapped” people stop searching for a job.