submitted by Deceptichum to technology
696 points | 139 comments
https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html
Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.