Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
“Double digit YoY or get out. Doesn’t matter how many people you have to fire or how hard to exploit the ones you keep. Double digit or GTFO.” -Shareholders
“Double digit YoY or get out. Doesn’t matter how many people you have to fire or how hard to exploit the ones you keep. Double digit or GTFO.” -Shareholders