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Tech giant Oracle cuts 21,000 jobs as it embraces "AI" (www.bbc.co.uk)

submitted 2 days ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

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Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows.

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[-] fizzle@quokk.au 21 points 2 days ago

Venture capital is drying up so they're using revenue to pay for the build out.

[-] wabafee@lemmy.world 2 points 1 day ago

They seriously need to change the term to Vulture capital.

this post was submitted on 23 Jun 2026

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