this post was submitted on 07 Mar 2026
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United States | News & Politics

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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)
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[–] queermunist@lemmy.ml 3 points 1 day ago* (last edited 1 day ago)

Well, it cuts costs in the short run. In the long run it's more expensive because (for most jobs) it does a worse job and requires human intervention to fix the problems it creates, but that's next fiscal quarter's problem.