this post was submitted on 25 Jul 2026
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I think this layout is 100% about S&P downgrading Oracle's credit rating to one step above junk. They're on the hook for the WB acquisition and the data centre build out for OpenAI, both of which look hugely negative. Wisconsin (data centre location) just sent the a bill for $7B because they don't trust oracle to pay the future costs to the state the development would incur.
With no credit rating, and not much liquid cash all they can do is cut costs. Hence layoff.