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this post was submitted on 07 Mar 2026
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Will this help lower ram prices?
I called it a year or two ahead of time. Oracle will get bought by the federal government. Larry already has the fix in.
This particular source seems sketchy, but the broader context supports the core of this story.
There was a report in January from TD Cowen that Oracle needed to free up cash as banks tightened up lending for data center deals, and that certain projects were on hold and in jeopardy of being canceled. That same report projected that Oracle might lay off 20,000 to 30,000 workers.
Then, just this last Friday, Bloomber reported that Oracle and OpenAI canceled their plans to expand their flagship data center in Texas as part of their $500 billion "Stargate" initiative. Here's the Reuters article describing it at a high level, because the original report is paywalled.
So everyone is looking back at that January report and seeing the recent data center news as confirmation that Oracle wants to free up cash by laying off staff.
I hope oracle tanks and takes Ellison with it
Yes, clearly it is the human staff that needs to be cut from the budget here. Fucking imbeciles.
this may be one of the early signs of a burst(besides the economy falling due to that one war i think?)
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.
True.
The stock market (for tech companies) has also been falling before the war.
They fired people for AI, now they fire them without AI. Please tell me how they plan on sustaining an economy where only the 1% has discretionary income?
But Oracle was building those data centers for OpenAI. OpenAI is going to be used by the Pentagon. Bailing Oracle out is now a matter of National Security!! If this has to come off of the taxes paid by the people they just laid off, that's unfortunate but.... have I mentioned National Security?
No, this week it's the children.
They don't need an economy. They need obedient workers
Obedient unemployed
First they need to destroy your income, then they can make you do whatever they want
Control instead of trust, a problem as old as time. Trust would lead to prosperity, control, if not absolute, will always eventually fail - and it's never absolute.
I cannot wait for this bubble to finally burst.
It's gonna suck for the working class WAAAAAAAAAAAAAAAAY more than the people who will lose their fortunes as a result of the bubble popping
sorry
it always does
Michael Saylor, one of the biggest owners of one of the other "doesnt actually do anything" bubbles - Bitcoin - is a great example. He made a fortune during the dot com bubble.
With that said, if I have to eat hard tack and canned beans and use leftover charcoal from the park BBQ grills instead of toothpaste in order to never have another AI bullshit feature shoehorned into my existence, it might be worth it
Yes, I am well aware that we live under capitalism.
The big bubble. May it pop before we do.
I was listening to a finance YT vid last night and the dude said if it wasn't for the enormous AI spend, the US would be deep in a technical recession now.
obviously the fault of immigrants and those on food stamps though /s
Those damn immigrants taking up all of the best landscaping, slaughterhouse, roof tarring, and crop picking jobs.
Ironically the only jobs that Anthropic and OpenAI claim AI won't take. All those newly minted AI billionaires and nobody to maintain their golf courses... How sad is that?
What good is being super wealthy if you can't feel superior to other people?
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lol
Lmao, even
Rotfl, I daresay.
Is it the first sign of a burst?
You should be able to sue companies for gambling away their employees' lives like that.
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Sucks to be in tech right now. I'm sure there are still pockets of good employers with happy, confident worker bees, but those are few and far between as best I can tell.
Pretty much everybody I know and speak with regularly who is working in the tech industry or a tech role in general is feeling the strain.
Layoffs. Remaining employees have to pick up the additional workload of people who were laid off. Threats of future layoffs. Hiring freezes. Bonuses slashed or cut entirely. Little or no raises, not even cost of living increases. Demotions, in some cases. Expected to use LLMs to do things that LLMs have no business doing because management is clueless on the topic and expects everybody who is "good with computer" to be an AI expert. And the list goes on.
And then as already mentioned elsewhere, there are almost no true entry-level positions opening up, so new grads are really struggling to get established in the industry. It's particularly sad because this is so short-sighted and the negative impacts have the potential to be quite severe.
we already seeing the effects of fresh graduates from college, and those that are still in. i wonder if any more reports of universities having low enrollments is going to be too big to ignore.
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Didn't see THAT coming, huh "oracle"?
Hahahahahahaha! inhale hahahahahaha!
It's happening!
(I might make a meme video featuring Bob Ross smiling in front of a nice greenery, while some nice music playing.)
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