These numbers genuinely don’t make sense to me.
Oracle has committed to an aggressive AI infrastructure buildout that requires an estimated $156 billion in capital spending, according to TD Cowen.
cuts will affect 18% of Oracle’s 162,000-person workforce and free up $8-10 billion
They’re cutting a fifth of their workforce to raise a fifteenth of the capital they plan to spend??
AI is just a pretext here
Plausible deniability ig
It won’t pay for it, but it’ll service the debt they had to go into in order to pay for it for a while. Cutting your grocery bill to free up money to make your payment on your new Cybertruck.
I initially missed the word “to” in this headline and was very concerned for a moment
It’s only a matter of time.
holy same, i came to the comments to see what kind of joke i can come up with about that not being necessary to pay for anything.
That sounds like a good idea that definitely wont backfire spectacularly
You can cut tons of weight by taking off the wheels
