AI companies want their customers to lay off people so that when they turn up the prices to "barely profitable" they will be forced to pay up.

AFAIK this article is not discussing new layoffs, this was previously discussed 3 months ago

https://news.ycombinator.com/item?id=47587935

The angle of the article is basically they did these layoffs and now also face some serious debt risks. Which was also obvious a few months ago. Oracle made a huge gamble, even more so than other big tech firms.

Very good timing for this contract with the Pentagon then,at just the right amount.

https://ca.finance.yahoo.com/news/pentagon-awards-oracle-nea...

This news is a month old.

[dupe]

Recent related:

Oracle could face $7B collateral bill for Wisconsin data centre

https://news.ycombinator.com/item?id=48993488

S&P Global has lowered Oracle’s creditworthiness from BBB to BBB-

https://news.ycombinator.com/item?id=48909768

And 3 months ago:

Oracle slashes 30k jobs

https://news.ycombinator.com/item?id=47587935

(also this exact article yesterday with a bunch of upvotes and comments, but doesn't matter https://news.ycombinator.com/item?id=49025754)

Just one more hit. Just one more hit. We're gonna make it this time. It's going to the moon....

jpost posting is very interesting !