ListNook

pcpelste Apr 1, 2026 +457

Oracle stands for One Rich A****** Called Larry Ellison.

457

rclonecopymove Apr 1, 2026 +81

I always thought the c stood for something else.

81

fevered_visions Apr 1, 2026 +20

and his a****** relatives who are doing things like buying Paramount

20

blogoman Apr 1, 2026 +4

It is less that his relatives are buying things like Paramount and more that he is buying it and letting his son run it. When Skydance wanted to buy Paramount, David went to his dad Larry to get funding. Same thing happened with Warner. Over $40 billion of it is dad's money.

4

ImCreeptastic Apr 1, 2026 +319

Sent an email to 30k people at 6am letting them know they're fired. That's cold.

319

Namika Apr 1, 2026 +1

At least they don't have to go in today. Logistically would have been nice to know yesterday at like 4pm though, so they could at least empty their desk

1

Dry-Refrigerator7399 Apr 1, 2026 +1

Yep. Got the email. Honestly, I’m relieved. Sick of working helping build the Death Star because Darth Vader pays well.

1

BUT_FREAL_DOE Apr 1, 2026 +1

Not sick enough to quit earlier though, evidently.

1

Cicero912 Apr 1, 2026 +1

Almost like its an awful job market?

1

BUT_FREAL_DOE Apr 1, 2026 +1

Whatever helps you sleep at night.

1

Cicero912 Apr 1, 2026 +1

So instead of paying 30,000 people salaries you think putting that towards AI funding is less bad and preferable?

1

BUT_FREAL_DOE Apr 1, 2026 +1

No I think not knowingly contributing to building the enterprise, wealth, and power of evil people in the first place because it “pays well” is preferable.

1

Indercarnive Apr 1, 2026 +299

All these companies are cutting people, not because they can or are actually replacing their jobs with AI. But because the companies need to free up money to pay down loans for building AI. It's utter insanity. Either AI doesn't evolve to the point it can replace these jobs, so all this spending gets nothing, causing the economy to crash worse than the Great Depression. Or AI can replace these jobs and huge segments of the population become unemployable, causing the economy to crash worse than the Great Depression.

299

onarainyafternoon Apr 1, 2026 +76

It's really just untenable with our current economic system. You can't cut the jobs of a large portion of the workforce and expect there to be no consequences. We are really gonna have to reckon with the way the world works if we want AI to replace jobs at such a large scale.

76

Ares__ Apr 1, 2026 +13

Very true but these companies are acting for profits now, not in long term interest. To them some other company can make the moral decision not to let people go but for now to them there is profit to be made.

13

Slypenslyde Apr 1, 2026 +39

It's funny to me because everyone looks at like, Paperclip Simulator or the Grey Goo thought experiment to see how AI would destroy humanity. But we're watching the finance version of it unfold in front of us. Regulation could stop it, but we purposefully demanded politicians who play along. "We invested heavily in AI to make money. But it's not making money. So we're reducing our other profitable enterprises to invest more in AI. That isn't making money, so we're going to downsize and free up more of our money to invest even more heavily in AI. If we don't stop investing in AI, investors will stop giving us money. They've started giving us less money unless we prove more of it is invested in AI. So we're downsizing..."

39

MAMark1 Apr 1, 2026 +11

They are freeing up cash for one-time capital projects by cutting workers they will potentially have to replace later at a greater cost. It's incredibly short-sighted and feels like manic behavior in desperate pursuit of staying relevant in the AI hype.

11

Namika Apr 1, 2026 +1

Google and Meta actually had cash to burn (Google makes $120 billion in **profit** annually) so blowing $100 billion on capex was fine. Their entire AI expenditure can result in zero revenue and it doesn't even matter, they have the cash to pay for it. OpenAI tried to keep up and thought they were equals, so they tried to spend even more, but they have 1% of the actual income of Google. It's insane to think their venture capital owners let them spend as much as they did. An analogy would be the US spending a trillion on its military, and then Ecuador decides they want to match it so they also spend a trillion on their military. It was never going to work.

1

[deleted] Apr 1, 2026 -2

[deleted]

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Indercarnive Apr 1, 2026 +15

Reread the article. Oracle is cutting somewhere between 10k and 30k employees. The 400 number was at a specific location.

15

[deleted] Apr 1, 2026 -2

[deleted]

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TrashPocketz Apr 1, 2026 +7

That is not what you typed my dude.

7

ProfessionalOil2014 Apr 1, 2026 +239

They’ll undo it in a year or two like every other company that’s bought into AI.

239

torcsandantlers Apr 1, 2026 +68

After giving it enough time that their old employees are desperate and will return for a pay cut.

68

alexefi Apr 1, 2026 +16

Pay will be same, just things around will cost much more..

16

matrinox Apr 1, 2026 +7

They’re spending on AI data centers, not AI services. There’s no undoing it cause it’s not the same thing you’re thinking of

7

Dependent-Poet-9588 Apr 1, 2026 +16

They have to slash operating costs to service debt from their AI build out, not to replace them with AI agents.

16

CaptainPixel Apr 1, 2026 +23

Spending money they don't have on datacenters that haven't been built to satisfy demand that doesn't exist.

23

reala728 Apr 1, 2026 +9

So true. it's wild to me that they continue to be sold on this BS.

9

wheatgivesmeshits Apr 1, 2026 +7

The reality is I think most of these layoffs are just due to the economy going to shit, but also they invested a ton on AI and don't want to look like idiots, so it is a win/win in their eyes to say the layoffs are due to AI replacing workers. The AI didn't replace them. The AI is shit, but they claim it did so they can look like they made progress this quarter.

7

keithps Apr 1, 2026 +1

Not to mention that post-covid tons of companies hired people after laying them off during covid. We're doing a lot of pendulum swinging right now.

1

RandomlyMethodical Apr 1, 2026 +32

The Ellisons are making some massive gambles on AI and media right now, and I'm pretty sure those things are connected. Even with the current AI tech they could do a lot with all the IP from Paramount and Warner Brothers. If they can remake the media empire to be reliant on AI without the AI bubble popping first or massive public backlash, then the future for movies and TV is going to be bleak. I really hope they fail.

32

MadRaymer Apr 1, 2026 +24

The entire global economy is making a massive gamble on AI. Investors are expecting it to produce trillions in savings and increased productivity, and if it doesn't they're going to expect massive bailouts instead.

24

IamTheEndOfReddit Apr 1, 2026 +6

They will fail because in house ai development is stupid. They are building something that is guaranteed to not be near the top of ai’s. So they will be stuck using a shittier ai than what they could have just paid for

6

ArchitectofExperienc Apr 1, 2026 +21

Meanwhile, Oracle's enterprise services still look and function like they were made by the lowest bidder in 2004. I'm sure AI will fix everything (/s)

21

bufordt Apr 1, 2026 +5

JDE can't reliably handle vMotioning the database server without shutting down the whole environment. Our consultants even caution against an SQL cluster failover while it's running. Seems more like 1995 than 2004.

5

sfearing91 Apr 1, 2026 +25

US tech firm oracle cuts over 18% of workforce to pay debts the company owes. There fixed the headline. AI is a scapegoat.

25

reddsht Apr 1, 2026 +5

I mean, the debt is caused by their spending on AI data centers.

5

sfearing91 Apr 1, 2026 +2

Not all the debt.

2

chefjessphd3 Apr 1, 2026 +14

All my homies say F*** AI

14

PensiveinNJ Apr 1, 2026 +14

Oracle is going to be the largest company that ends up outright dying from this. The amount of debt they’re taking on to get into a business that doesn’t profit is staggering.

14

j0nquest Apr 1, 2026 +5

Good, the world can live without Oracle and its me too tech. The only thing of value they ever had is what they bought from Sun and they’ve squandered what’s left of that. Let them crash and burn.

5

notataco007 Apr 1, 2026 +51

It's particularly funny to me when SaaS companies replace their workers with AI If AI can make your software, I don't need to pay for your software, I need to pay for the AI Quite frankly if AI can build Oracle products, it can build itself too, and then I don't even need to pay for the AI anymore. Either AI can replace engineers or it can't, and both cause the bubble to pop.

51

BalianofReddit Apr 1, 2026 +12

Theyre assuming they can control the outcome, even though no one industry has ever been able to control how and who uses its technology in the long term.

12

bufordt Apr 1, 2026 +8

As far as I can tell, no human intelligence was involved in the creation of most of Oracle software, so I don't know why they need AI for.

8

embiidDAgoat Apr 1, 2026 +6

I don’t think it’s really AI replacing people. That’s just cover. It’s the fact that they have to cut financing labor to finance AI spending to uphold these insane f****** deals they keep circularly making with each other.

6

Malaix Apr 1, 2026 +7

Yeeah. These chucklefucks did kind of take the job to end the world and humanity. They always like the sowing but never the reaping it seems.

7

Heimerdingerdonger Apr 1, 2026 +3

Exactly. Other than the silicon, the datacenter and the power company, everything else appears expendable because it can be re-written cheaper. No lockins. Can that be true?

3

zaphodp3 Apr 1, 2026 +1

Building the software is really just 10% of the work. It’s the ongoing running, maintenance, integration with newer AI models as they come, running evaluations. That’s basically what you pay a SaaS company for not the initial piece of code. If as a single person you can get AI to do all these things for you, then yes you don’t need the SaaS product

1

Sgt_Tackleberry Apr 1, 2026 +13

Zorg Industries vibes over at Oracle

13

BillionDollarBalls Apr 1, 2026 +24

I love this job market. Its so awesome! /s

24

Pale_Sell1122 Apr 1, 2026 +14

The Epstein class is waging war on working class

14

NPVT Apr 1, 2026 +5

They want to turn them into serfs

5

doneandtired2014 Apr 1, 2026 +1

Serfs had to be fed and sheltered. With slaves, you can work them to death and simply replace them with fresh bodies after they've been expended. They don't want serfs, they want slaves.

1

Dragonfruit_6104 Apr 1, 2026 +7

There are so many jobs in a big company were created for bureaucracy. Now thees companies just use AI as an excuse to wipe out all those jobs to cut the cost.

7

albanymetz Apr 1, 2026 +11

US tech firm Oracle is a piece of shit.

11

New-Equal8039 Apr 1, 2026 +3

This is so sad, because they’re gonna destroy the larger economic system that makes their company viable/possible in the first place. Enjoy, I guess.

3

Verum_Orbis Apr 1, 2026 +8

uNdOCUmEnTeD iMmIgRaNtS aRe TaKInG yOuR j3RbZ!!

8

bufordt Apr 1, 2026 +2

Was that AI even born in the USA? Show me it's birth certificate!

2

logicalcommenter4 Apr 1, 2026 +3

Save your money as much as you can folks. AI will hit most of us at some point. My company is requiring all of us to do AI training and none of us work in tech or have a tech related job.

3

ehowardhunt Apr 1, 2026 +6

I can’t wait for the AI crash

6

LordSlickRick Apr 1, 2026 +2

Im still confused why they’re stepping up AI spending when it keeps getting shown it doesn’t make money.

2

sonicneedslovetoo Apr 1, 2026 +1

AI is by it's very nature a low value product. First AI just produces things so fast, what it produces isn't worth anything or trends towards being worth nothing, simple supply and demand. Second you can copy an AI that has an outwards facing component, so some company can just buy up a bunch of generations for c**** and clone your AI, which China keeps doing. So you can't have any kind of "special" AI unless it has no public facing components, and even if you do, what it produces is going to be worth nothing. Companies going into debt or investing too much in AI are likely doomed because producing more stuff with it causes it's value to trend towards zero. If your company can replace workers with AI, chances are you're going to have competition cropping up of somebody renting server space to compete with and replace your company by running their own AI, again, AI value trending towards zero.

1

battleofflowers Apr 1, 2026 +4

They'll hire them back within the year.

4

TuckerCarlsonsOhface Apr 1, 2026 +22

You spelled “outsourced to India” wrong

22

Golduck_96 Apr 1, 2026 +15

A larger number of these jobs are already outsourced to India. There were massive layoffs there too. https://www.financialexpress.com/business/news/oracle-layoffs-deepen-in-india-as-ai-bet-falters/4192207/lite/

15

ThePsychoDog Apr 1, 2026 +2

Can that bubble just pop already? jfc

2

braxin23 Apr 1, 2026 +1

We need to band together and start creating financial blocs to buffer all of this nonsense idiotic spending before we’re priced out of existence and forced into poverty.

1

firelemons Apr 1, 2026 +1

oracle about to join openai as a government contractor

1

Technical-Fly-6835 Apr 1, 2026 +1

I hope everyone responsible for this have a long life and have to use a bag to poop and pee rest of their life and be on dialysis the entire time.

1

HistoryBugs Apr 1, 2026 -52

Good news. They hired too many people during covid

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Sideview_play Apr 1, 2026 +22

Bro loves his oligarchy

22

Colonel-Mooseknuckle Apr 1, 2026 +15

Good news for who?

15

[deleted] Apr 1, 2026 +25

[removed]

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MAMark1 Apr 1, 2026 +3

If they had 30k excess workers for the past 5 years(18% of total workforce?) and only just realized now, they are not a well-run company.

3

US tech firm Oracle cuts thousands of jobs as it steps up AI spending | Oracle

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