Oracle reported a 22% revenue gain this quarter. Still they fired 20-30k employees over email to fund AI Data centers, that's over 20% of their workforce. This is an ongoing trend in tech (Block started the show last month). Whether AI will be as dominant as the experts say or not. It doesn’t matter. Now companies have the perfect scapegoat. To finally get rid of the dead meat. They probably needed less than 50% of the workers anyway.

Polymarket
@Polymarket
04-01
BREAKING: Oracle laid off 20,000-30,000 employees this morning with a single 6 am email.
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