this post was submitted on 07 Mar 2026
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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 2 days 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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[–] JasonDJ@lemmy.zip 30 points 1 day ago (2 children)

One rich asshole called Larry Ellison.

[–] ThirdConsul@lemmy.zip 8 points 1 day ago (1 children)

He personally guarantees 40 billion from 111 bilion for the Paramount - Warner Bros acquisition.

I do wonder if this might put the financing there at risk lol.

[–] Bronzebeard@lemmy.zip 1 points 1 day ago

This happened before they even pushed Netflix out of the running, so apparently not.

[–] Tollana1234567@lemmy.today 2 points 1 day ago

which is being encouraged by Jensen