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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres (www.livemint.com)

submitted 1 day ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] Viking_Hippie@lemmy.dbzer0.com 15 points 1 day ago (1 children)

To the surprise of zero sane people 😮‍💨🤬

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[–] yogthos@lemmy.ml 11 points 1 day ago

I'm a bit surprised the bubble kept going as long as it did. It's absolutely wild how investors just kept throwing hundreds of billions at tech that didn't have any clear business model, no market fit, and wasn't making any substantial revenue.

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