Are another 30,000 employees getting laid off?
this post was submitted on 13 Jul 2026
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Oracle has been a castle built on sand for a long time. Their entire business model hinged on pulling off massive pricing bait-and-switches with large companies, and there's only so many of those you can do before people get wise to it.
Also wtf is with that website? "Data Tracking Consent required for free use"? I'm like 99% sure that's a wilful and deliberate GDPR violation.
No they let you opt out of sharing data with the hundreds 3rd parties they share your data with......by clicking reject next to each of their names on another page...
It probably is legal and if you follow the money I'm willing to be there is some lobbying form who argued to get a provision like this snuck into GDPR during some backroom deal.
Took me longer to do that than to read the article.
Never has it been so clear to me that I was the product.
Edit: IANAL, it seems to be legal under the GDPR because they offer an option to pay for the content. Idk about the preselected form to turn off individual advertising cookies, that still seems like it would still be an illegal dark pattern under the GDPR.
I wonder who they're going to sue to get out of this one.
No one, they'll just have the government bail them out. They'll call their collapse a national security risk, threaten to sell their share of US Tiktok back to Bytedance, claim that they won't be able to protect the sensitive medical data of millions of Americans, etc. Whatever it takes to convince Trump that they're too big to fail.
claim that they won’t be able to protect the sensitive medical data of millions of Americans
As an IT guy at a cerner hospital they can barely keep that shit running as is. Their cloud/ai services go down weekly, they managed to fuck up our HIE implementation at every turn, and it takes weeks for a Service Request to get traction, including followups and escalations...but if "support" attempts to call you their call centers are inherently flagged as spam.
It would be funnier if the whole stock market weren't a scam machine.
I haven't watched "The Big Short" in a long time... but aren't BBB- rated things "dogshit wrapped in catshit"?
It's there in the S&P 500 between MSFT and PLTR on the left kind of in the middle (size of the box is the market cap of the company). It's in practically every 401(k) in the US. BBB is somewhere in the middle of the jenga tower.
(the colors are whether and how much the stock rose, not credit rating)
Replying to myself to put up a link to the jenga tower scene of The Big Short in case nobody has seen it: https://www.youtube.com/watch?v=xbiDrzTd8fE
I hope Larry Ellison feels it, but he probably won't.
How would we know?
🦀🦀🦀🦀
bad bad bad -
Big budget bust.
BIG BADDA BOOM!