This article is over a month old. Why is it being shared now? Its also posted on reddit where it has some lift.
I'd missed this last month, so im glad its shared
Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
41–50 of 249 posts
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#42And, 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…
[dead]
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#43With the ASICs being so efficient at inference, I’m getting the feeling even the infrastructure investments are going to be severely outdated in a couple of years..
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#44And, 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…
So glad to no longer be working for these clowns
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#45We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
I strongly believe AI will drive efficiency. I’m less certain about whether that’s already happening or will happen in the future and when in the future. However, I’ve already seen a CTO of a F100 company explicitly state that whether AI is driving efficiency or not, the capital investment, and more importantly, the promises of efficiency to investors will mean some people will be let go. Efficiency is output/input.…
I think we wont know until the true costs for ai are revealed. Right now were still in the vc growth above all things part of the cost curve. It will get worse quality as revenue demands increase (as all products suffer).
It will be another dependency for all companies to bear. Hopefully significant gains for humanity, tbd
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#46According to its website, Oracle has 162,000 employees. Cutting 30k people would be 18.5% of its workforce. That's huge.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#47Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#48The economy is going to go into a deep recession for years with the current economic environment.
There will be nobody left to spend money, just increasing corporate and ultra high wealth spend. The rest will be left with food and water.
We are destroying currently valuable jobs to allocate resources to electricity and silicon, concentrating wealth into 10 companies pockets.
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.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#49While this article is old, there’s more and more noise that the lay offs is this month. That being said, I can’t help but wonder if the paramount deal accelerated these plans.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#50When 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?