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Joined 3 years ago
Cake day: June 22nd, 2023
  • I think this layout is 100% about S&P downgrading Oracle’s credit rating to one step above junk. They’re on the hook for the WB acquisition and the data centre build out for OpenAI, both of which look hugely negative. Wisconsin (data centre location) just sent the a bill for $7B because they don’t trust oracle to pay the future costs to the state the development would incur.

    With no credit rating, and not much liquid cash all they can do is cut costs. Hence layoff.

  • It’s not shitty enough to completely leave your ethics at the door. You might need to take a little less pay, or work on something less interesting (although we’re talking about Oracle here).

    Somebody who landed a job at Oracle had options. That is until today. Now they have 21,000 other people to compete with.

    It’s the people somewhere like Nvidia I have some empathy for. They thought they were building gaming tech and they’ve ended up building the apocalypse.