this post was submitted on 01 Apr 2026
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432
Thousands lose their jobs in deep cuts at tech giant Oracle (www.bbc.com)
submitted 2 weeks ago by Valnao@sh.itjust.works to c/technology@lemmy.world
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[–] DrCake@lemmy.world 15 points 2 weeks ago* (last edited 2 weeks ago) (6 children)

I can’t believe Oracle has 10,000 employees to begin with. What the hell are they doing that even needs that many people to begin with?

[–] VeryVito@lemmy.ml 34 points 2 weeks ago (1 children)

Writing iron-clad, deal-with-the-devil level contracts that cannot be broken by mere customers. And nipping open-source projects in the bud via mergers and acquisitions.

[–] CmdrShepard49@sh.itjust.works 24 points 2 weeks ago (1 children)

These bastards grifted $300 million dollars from my state to build a single website for the Healthcare exchange after the ACA was passed. It never once worked and was scrapped for the federal government's own version immediately after its "release." To be fair, I also blame our state leaders for this as even your average moron could see this coming from a mile away. Even if it did work, who the fuck would spend 1/3 of a billion dollars to build a webpage.

[–] BackgrndNoize@lemmy.world 1 points 2 weeks ago (1 children)

Your state leaders weren't stupid, they were greedy corrupt piece of shits who were in on the scam with oracle

[–] CmdrShepard49@sh.itjust.works 1 points 2 weeks ago

I totally agree which is why i said even an average moron would have seen through this. They only like to pretend to be working for the people when elections are near.

[–] ripcord@lemmy.world 3 points 2 weeks ago

They have way more than 100,000 employees

[–] SocialMediaRefugee@lemmy.world 1 points 2 weeks ago

You should see their license fees

[–] nutsack@lemmy.dbzer0.com 1 points 2 weeks ago

Java, mysql, vmware...

[–] flamingo_pinyata@sopuli.xyz 1 points 2 weeks ago (1 children)

Firing 30,000 of them. You can't fire people if you don't hire them in the first place. And as you all know stock price jumps after big layoffs.

[–] massacre@lemmy.world 6 points 2 weeks ago
  1. Layoff 30K people
  2. Stonk goes from $146.88 close yesterday to $145.25 close today after the layoffs.
  3. ??AI??
  4. Profit!
[–] MonkderVierte@lemmy.zip 0 points 2 weeks ago* (last edited 2 weeks ago)

Yeah, just like the other comment: likely mostly lawyers, lobbyists and trolls of all colors.