Thread regarding Oracle Corp. layoffs

it's doubling down on bubble. similar to Internet craze in 90s, only way worse.

Sure, on paper it’s ‘reallocating capital to growth areas,’ but let’s be real: those ‘billion-dollar contracts’ don’t magically require people to be fired. The teams they axed are the same ones who built the systems that generate those billions. So while HR pops champagne like they’ve solved world hunger, what they’re really celebrating is turning human labor into an accounting line item. Clever on the spreadsheet, cruel in reality—and the logic only works if you ignore that knowledge, expertise, and execution don’t scale like dollars in a bank.”

What they’ve done actually makes some sense post-earnings. They have billion dollar contracts coming in with $100B+ projections in 2028… reallocating now to be able to actually deliver on them. Putting capital where things are hot.