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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News (www.livemint.com)
submitted 11 hours ago by Deceptichum@quokk.au to c/technology@lemmy.world
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

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[-] flamingo_pinyata@sopuli.xyz 4 points 1 hour ago

They used to sell a pretty good (if complex) database system. However it hasn't been popular for many years. I assume they still have big customers who are locked in.

These days they're just another amorphous "cloud service provider", and not a good one either.

this post was submitted on 07 Mar 2026
301 points (100.0% liked)

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