Hessie Jones (@hessiejones): "@The Coastal Journal looks like this day was coming: 30,000 people laid off because Oracle was ALL in on AI’s future demand for data centres."

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The Coastal Journal looks like this day was coming: 30,000 people laid off because Oracle was ALL in on AI’s future demand for data centres.

In other words: Oracle has the money to pay people. It just decided to spend it on data centers. Any unvested restricted stock units were forfeited immediately. Workers who were just days from a vesting date lost those shares on the spot.

Jacob Ward

Apr 2

at

9:42 PM

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