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Oracle plans thousands of job cuts as data center costs rise

⁨208⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨weeks⁩ ago⁩ by ⁨cantankerous_cashew@lemmy.world⁩ to ⁨technology@lemmy.world⁩

https://www.reuters.com/business/oracle-plans-thousands-job-cuts-data-center-costs-rise-bloomberg-news-reports-2026-03-05/

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Comments

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  • db2@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    Fuck Oracle.

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    • lmr0x61@lemmy.ml ⁨2⁩ ⁨weeks⁩ ago

      Isreoracle

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  • SnotFlickerman@lemmy.blahaj.zone ⁨2⁩ ⁨weeks⁩ ago

    I don’t usually say this but honestly if you are working at Oracle in 2025:

    You deserve this. You’re working for pure evil. Be thankful you can now maybe get a job that doesn’t involve destroying humanity and democracy.

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    • Grandwolf319@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

      Ideally yeah but what if big tech controls all the jobs cause they just keep acquiring other companies?

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      • SnotFlickerman@lemmy.blahaj.zone ⁨2⁩ ⁨weeks⁩ ago

        yeah but what if

        then the labor class better fucking get their ass in gear and start fighting for their rights again.

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    • baggachipz@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

      Also in 2026

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  • mannycalavera@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

    Daddy needs money to buy movie studio

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    • roofuskit@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      It’s not the movie studio they really care about. It’s CNN for one.

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    • Knock_Knock_Lemmy_In@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Daddy’s son wants a movie studio.

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  • boonhet@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

    They also depreciate their GPUs over 7 years rather than the couple of years they’re useful for so their books are hella cooked.

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  • SpaceNoodle@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    What were thousands of people doing there? How much meat does it take to run a patent troll operation?

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    • surewhynotlem@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Oracle was trying to compete with GCP and AWS with OCI. Oracle cloud. This tells me they’re going to shutter that.

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      • Trail@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

        Oh I fucking hope they do.

        Tomorrow I have to do “cloud maintenance” on a Sunday because the fucking OCI decided that some production databases are “unstable” and need to be relocated. The same databases that a while ago could not enable data guards and failed to restore from backups.

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        • -> View More Comments
      • WhyJiffie@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

        noo but the free tier!

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  • panda_abyss@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

    🎈🪡

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    • baggachipz@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

      🫧

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  • GnuLinuxDude@lemmy.ml ⁨2⁩ ⁨weeks⁩ ago

    The ⁠company had about 162,000 full-time employees as of May 31, 2025, according to its annual filing with the U.S. ​Securities and Exchange Commission.

    What the fuck how is it that many people. I didn’t realize this shit company run by the shittiest group of people run such a huge operation.

    Fuck Larry Ellison. Scumbag.

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  • ramielrowe@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    I’m sure that’s totally going to help OCI’s reliability. And Ashburn won’t die for 3 straight days again, like it did this week.

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