US tech firm Oracle cuts thousands of jobs as it steps up AI spending | Oracle | The Guardian
· theguardian.com
Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off.
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.
Read on theguardian.com
Khleedril via the fediverse
@michaelharley I agree. The stock market is the dustbin of financial sanity.
Chris Hawver via the fediverse
@michaelharley its all to keep the techbros making more money further dividing the wage gap.