Oracle slashes 30k jobs

#1

Post by pje » Tue, Mar 31, 2026, 2:30 PM UTC

Re: Oracle slashes 30k jobs

#2

Post by dafelst » Tue, Mar 31, 2026, 2:53 PM UTC

More victims of AI.

Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".

Re: Oracle slashes 30k jobs

#3

Post by kwanbix » Tue, Mar 31, 2026, 2:54 PM UTC

Those super yatchs of larry have to be paid somewhow.

Re: Oracle slashes 30k jobs

#4

Post by 2OEH8eoCRo0 » Tue, Mar 31, 2026, 2:57 PM UTC

Imagine slashing 30,000 jobs for a measly 2% share price bump.

Re: Oracle slashes 30k jobs

#5

Post by [deleted] » Tue, Mar 31, 2026, 2:57 PM UTC

dafelst wrote: post #2

More victims of AI. Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".

[deleted]

Re: Oracle slashes 30k jobs

#6

Post by codemog » Tue, Mar 31, 2026, 2:59 PM UTC

Don’t work for evil companies.

Re: Oracle slashes 30k jobs

#7

Post by consp » Tue, Mar 31, 2026, 2:59 PM UTC

dafelst wrote: post #2

More victims of AI. Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".

"Oracle leadership" sounds like nobody wants to take responsibility but they do like the share price to go up so say good bye to [auto generated name in header]'s job.

Re: Oracle slashes 30k jobs

#8

Post by TwoNineA » Tue, Mar 31, 2026, 3:00 PM UTC

2OEH8eoCRo0 wrote: post #4

Imagine slashing 30,000 jobs for a measly 2% share price bump.

> Imagine slashing 30,000 jobs for a measly 2% share price bump.

One lost job is a tragedy. 30,000 jobs lost is statistics.

Re: Oracle slashes 30k jobs

#9

Post by muskstinks » Tue, Mar 31, 2026, 3:00 PM UTC

dafelst wrote: post #2

More victims of AI. Not actually of "AI is replacing jobs", more "oh shit we are spending too much and the product isn't good enough for us to ever make a return on our absurd over-investment".

I don't think its that easy.

Look at their employee numbers over the years:

(ai generated):

Oracle Corporation Employee Count (2010 - 2025)

Legend: Each '' represents approximately 4,000 employees.

  Year | Employees
  ------------------------------------------------------------------
  2010 |  (105,000)
  2011 |  (108,000)
  2012 |  (115,000)
  2013 |  (120,000)
  2014 |  (122,000)
  2015 |  (132,000)
  2016 |  (136,000)
  2017 |  (138,000)
  2018 |  (137,000)
  2019 |  (136,000)
  2020 |  (135,000)
  2021 |  (132,000)
  2022 |  (143,000)
  2023 |  (164,000)
  2024 |  (159,000)
  2025 |  (162,000)

Note: Oracle's fiscal reporting for the full year 2025 ended on May 31, 2025.

They clearly did something crazy at corona and undoing this as a lot of companies did before already.

Re: Oracle slashes 30k jobs

#10

Post by 2OEH8eoCRo0 » Tue, Mar 31, 2026, 3:01 PM UTC

TwoNineA wrote: post #8

2OEH8eoCRo0 wrote: post #4

Imagine slashing 30,000 jobs for a measly 2% share price bump.

> Imagine slashing 30,000 jobs for a measly 2% share price bump. One lost job is a tragedy. 30,000 jobs lost is statistics.

These are some of the richest and most profitable companies in history but they act like miserly slaves to their share price. We have created such a perverted incentive system.