Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat

Post by Terr_ » Sun, Mar 08, 2026, 10:23 PM UTC

_DeadFred_ wrote: post #181

ajross wrote: post #126

Earlier quoted context omitted.

> You need to explain, from a systems point of view _why_ the gains must diffuse out as you suggest. Do we? I mean, isn't "because they always have" enough of an argument on its own? I am hardly a libertarian ideologue nor AI-first LLM jockey. But I do think people tend to catastrophize too much. Blacksmiths were killed dead by the industrial revolution. "Secretary" is a forgotten art. It's been decades since an actu…

The 1880s blacksmith didn't become a 1950s American suburbanite. They moved to shared housing in Manchester and a shorter lifespan working for poverty wages, lost fingers/arms in machines, maybe ended up on skid row, the section of town for failures who couldn't 'adapt' to the new modern world. Their children died in WW1 in a trench to industrial produced gas. Their children's children were transported around the wor…

Post by joquarky » Sun, Mar 08, 2026, 11:17 PM UTC

monero-xmr wrote: post #191

acdha wrote: post #172

Earlier quoted context omitted.

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 create…

Perhaps white collar employees have felt jobs not conducted in an office are beneath them. Because a wide range of physical jobs pay a lot more than office work already

Post by joquarky » Sun, Mar 08, 2026, 11:25 PM UTC

Saline9515 wrote: post #194

emilsedgh wrote: post #103

Earlier quoted context omitted.

Who cares about US vs. China. We're talking about jobs here and economy.

US tech jobs are paid x2 to x3 more than most chinese or european equivalents.

Post by joquarky » Sun, Mar 08, 2026, 11:28 PM UTC

general_reveal wrote: post #26

hedora wrote: post #12

And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…

No. At a national security level, the department of defense has already war-gamed mass unemployment. The defense sector would already have projected when the unemployment would happen and at what rate, I’m saying this to imply they had AI and judged its trajectory rather quickly awhile ago. Data centers WILL happen, mass unemployment WILL happen, simply because, smarter people made it, assessed it, cannot deny it, an…

Post by k32k » Sun, Mar 08, 2026, 11:37 PM UTC

indigodaddy wrote: post #195

k32k wrote: post #86

Earlier quoted context omitted.

Oh lets see. They were ridiculed for being 'behind on AI'. They haven't spent a dime on investing in AI-related infrastructure and so on... And yet, they could stand to be the biggest beneficiaries if not the only. Given that they have plenty of resources in reserve and they are buying back stock - enabling insiders to have a greater say on actions in the future.

So tldr they are just standing by until everyone else dies? If this is the theory then they HAVE to be doing some serious AI things internally/R&D/in-secret so they're essentially "ready to go" ?