This is a sign they know they’re near the end. They’re looting everything they can before the company crashes.
Wouldn’t/shouldn’t investors see huge layoffs like this as a sign that the company isn’t doing too hot? In a logical world the stock price should be plummeting right now… Oh they’re down 25 % so far this year, so maybe it is.
Can you imagine if tech workers decided they might want to unionize? That would be an exciting day.
If Oracle and Microsoft crash and burn when the bubble pops, it would be absolutely amazing
They’ll be expecting government handouts to not go bankrupt and that’s why they’re spending as much as they can. They’ll get that money back anyway.
This will be the easiest government to get handouts from.
Microsoft won’t, but Oracle… I’m having trouble figuring out what Oracle sells nowadays that is worth paying money for. Are there really that many companies still hooked on Oracle’s DB?
One Rich Asshole Called Larry Ellison
Oracle owns Cerner, the largest IT medical provider. No major competitor either, since they’re multinational and most competitors are single country or regional
Correct me if I’m wrong but don’t they also own TikTok in the US now?
Microsoft uses Oracle, to give you a sense of scale.
Oracle needs a good dose of adversarial interoperability.
I read this as Microslop can’t operate postgres
M$ actually bought Citus Data, so they are embracing Pgsql.
Ms does use postgres. In fact in was a dev on the postgres team at microsoft that found the russian malware in XZ that almost got included in red hat lts and compromised the entire internet
I would be even more shocked to learn that person still works there. Crazy world time to check LinkedIn
There’s no conclusive evidence it was Russian. It could just as likely be American, Chinese, Israeli, French, etc
There are a lot of big companies using Hyperion Financial Management, Hyperion Planning and other EPM stuff.
I can’t help but think of the Borderlands corpos, now.
Literally just siphoning wealth from society.
Just like cancer. And when it comes to cancer there only two options. Let the cancer kill the body, or we “cure” it first.
I prefer radiation therapy.
They must be cumming buckets once they realized journalists are gormless enough to blindly regurgitate their press releases about how these are AI driven job losses and totally not layoffs due to typical business fuckery.
The job losses are AI-driven, though. The upper management fucked around with pouring billions into AI and found out, and the people who had nothing to do with that decision get to pay for it.
This has been in motion since before AI was being pushed in everything.
It won’t save them.
Silicon Valley is rotten to its core.
