Comment on Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

Not_mikey@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

The bubble popping seems inevitable at this point. Before the Giants were funding this by their core business plus loans backed by their core business. Now they’ve stretched their credit so much that no one’s giving them loans anymore and instead of cutting back on the building spree they’re making cuts to their core business. They’re betting that their customers are so locked in that they won’t leave despite degradation in service. How deep oracle, AWS, googles hooks are in people remain to be seen, people seem to tolerate a lot of enshitification, but there’s gotta be a tipping point. Once they reach that and the core business crashes all the rest of the dominos will fall.

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