Re: US tech firm Oracle cuts thousands of jobs as it steps up AI spending | Oracle | The Guardian

Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off.

🔗 US tech firm Oracle cuts thousands of jobs as it steps up AI spending | Oracle | The Guardian

I genuinely believe that these tech companies are making these types of choices purely because of the stock market. Layoffs make their stock prices go up because of a perception of improved productivity.