It means more layoffs than originally expected
The company is shrinking parts of its workforce in response to the increased efficiency of AI models
5 replies (most recent on top)
Probably both
LE said: “Just like the rest of the industry, We are replacing a large majority of knowledge workers, developers with AI; after all, this is my money and my company ; this is a result of the SaasPocalypse”
Is it because of alleged "increased efficiency"? Or is that a cover for "we need to be able to pay for this data center we want to build"?
This mainly applies to USA , Canada and high cost countries such as western europe
Here’s the link:
https://www.wsj.com/business/oracle-allocates-extra-500-million-to-cover-restructuring-costs-1bb8b60c?gaa_at=eafs&gaa_n=AWEtsqcr1CXuOD0DXXq8UPwfYaAxO0GtdGobpewH-EcZd7tRF0vh7EY_Q9N1RmRMxFY%3D&gaa_ts=69b46826&gaa_sig=47QL8K470pOjKhGWPQ9wbdDWJ9WvKiz4cRHtXIUSwBYcWNsX7NZqOYJqn0oc0pbIjMZV1qI-vOCD1ywKkrosXw%3D%3D