this post was submitted on 07 Mar 2026
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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News (www.livemint.com)
submitted 2 days ago by Deceptichum@quokk.au to c/technology@lemmy.world
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

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[–] Mwa@thelemmy.club 23 points 1 day ago (1 children)

this may be one of the early signs of a burst(besides the economy falling due to that one war i think?)

[–] rmrf@lemmy.ml 6 points 13 hours ago (1 children)

I saw this and sound "holy shit" aloud. If this sketchy source is legit, this is probably pretty big. The stock market has been wobbly the last few days.

[–] Mwa@thelemmy.club 1 points 11 hours ago

True.
The stock market (for tech companies) has also been falling before the war.