I would assume it's the mediocre people that will be let go first
The competent will ditch the sinking ship of their own accord.
Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
171–180 of 249 posts
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#172Earlier quoted context omitted.
If there is a need that people pay for, and it took 10 people, and technology comes and it can now be done by 1 person, that is a great thing. That’s not a bad thing at all. That’s exactly how the world progresses forwards. Everyone can get the need met, and at a cheaper cost, while freeing the other 9 people to do something else useful. That is why we have the standard of living we have today
I genuinely cannot understand why this comment was killed. Even if you disagree with the position, there's nothing at all objectionable about how it's being presented.
I think it’s because it’s ignoring the impact of concentration and the range of affected jobs. When, say, people switched from animals as the primary source of motive power for shipping, relatively few people immediately lost their livelihood because the things now using engines still employed tons of people (a delivery guy had to learn to drive but the rest of the job was similar) and a bunch of new jobs were created.
Now we’re being promised a wide range of white-collar jobs all being affected at the same time, always in a way which reduces the number of total jobs and concentrates power in people with assets. The position that people will find new things is begging the critical question of whether those people will have the money to get started or customers who can afford to buy from them, especially when sharecropping using someone else’s models with no guarantee of non-competition.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#173Earlier quoted context omitted.
Maybe - but the larger issue is FCF - and you can't hire that many without it showing up on FCF.
why would they try to hide it? no other company does :)
You must not understand what FCF is. If you're cutting headcount STRICTLY to juice FCF, you cannot spend money offshore without hitting FCF.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#174Clown shit. Sell your ORCL while you can, folks
TFA was published Jan 30, and ORCL's recent peak was last September. The stock continued to slide until the recent minimum Feb 5 and in the month since then has rallied 12%. Any possible moment to respond to the story is long gone.
It has been on a run that is confusing after that peak, which is undeserving.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#175Earlier quoted context omitted.
About 20% of the world's oil flows through the Strait of Hormuz, which is effectively closed right now. So far, the economy is coping by drawing down inventories elsewhere and praying that the strait reopens soon , but even then, crude oil futures are skyrocketing (up 50% in a week). If this lasts for a few months--and if a few oil tankers get blown up in the crossfire--this is going to be a repeat of the 1970's oil…
One potential knock-on impact of the strait being effectively closed, is that at some point the gulf states will be forced to shut-in production as local storage fills up and production can’t be exported. That combined with war damage to critical transport/export infrastructure will cause a lag where production can’t meet global demand even when the strait re-opens. Turning oil wells back on is not like flipping on a…
It's already happening: https://finance.yahoo.com/news/kuwait-cuts-oil-refining-outp...
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#176When there was an over buildout of fiber back in the dotcom boom, how did that turn out? Who were the winners and losers? At what timeline did new winners emerge from that bubble?
Oh do tell.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#177Earlier quoted context omitted.
> I don't know what comes after, but when you combine this with the Iran war it's going to be closer to economic depression. I follow your extrapolation in the first part, but this is where you lost me. Why is the Iran war guaranteed to have long-term net negative consequences? It seems far too early to predict the outcome with any kind of certainty.
About 20% of the world's oil flows through the Strait of Hormuz, which is effectively closed right now. So far, the economy is coping by drawing down inventories elsewhere and praying that the strait reopens soon , but even then, crude oil futures are skyrocketing (up 50% in a week). If this lasts for a few months--and if a few oil tankers get blown up in the crossfire--this is going to be a repeat of the 1970's oil…
The other Gulf States will now have to greatly increase military spending in order to protect their sea lines of communication against Iranian aggression. A lot of that spending will flow to US defense contractors. (I'm not claiming this is a good thing, just that it's inevitable.)
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#178Earlier quoted context omitted.
> I don't know what comes after, but when you combine this with the Iran war it's going to be closer to economic depression. I follow your extrapolation in the first part, but this is where you lost me. Why is the Iran war guaranteed to have long-term net negative consequences? It seems far too early to predict the outcome with any kind of certainty.
The Iran war is symptomatic of what's to come. If the US/other major powers feel unconstrained to wage semi-limited disruptive conflicts at will - then the world will be much less stable. Iran can close the straight of hormuz as retaliation, and there really isn't anything that can be done about it except for invasion. Other countries have similar capabilities or can acquire them readily. If Cuba wanted to close the…
Cuba has effectively zero capability to project military power beyond their territorial waters. They can't close the Gulf of Mexico or even credibly threaten to do so. They are in no way comparable to Iran. As an island nation with limited natural mineral resources they're also very vulnerable to blockade.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#179Earlier quoted context omitted.
> I don't know what comes after, but when you combine this with the Iran war it's going to be closer to economic depression. I follow your extrapolation in the first part, but this is where you lost me. Why is the Iran war guaranteed to have long-term net negative consequences? It seems far too early to predict the outcome with any kind of certainty.
turn it around. how is it possible that we interfere with a population, already inflamed with hatred because of past interference, and expect them to become moderate apolitical consumers. we kill more fathers, there will be more angry sons. that's been going on for more than 50 years. so no, it doesn't seem like there is any good outcome to be had by invading yet another country in the area and setting up another wea…
There's no end game. In foreign policy circles they refer to this as "mowing the grass". Whenever an adversary starts to become a credible threat then bomb them enough to knock them down a few notches and delay the problem. From a purely amoral geopolitical perspective this can be effective, although at tremendous human cost.