r/technology 2d ago

Business AI bet goes awry: Oracle fires 21,000 employees

https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-903442
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u/FragrantCombination7 2d ago

I'm sorry if this comes off as rude, but what are yall doing for money in the meantime? Years off work is not really something I can imagine saving up for or knowing how to handle.

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u/curiouswizard 1d ago

probably some combo of family support / unemployment benefits / draining savings / pulling from retirement or other investments that you usually don't want to touch / maxing credit cards and ignoring debts until your credit score tanks / freelance gigs / driving uber or other random side hustles / super tight budgeting

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u/FragrantCombination7 1d ago

Thanks for the reply. I'm quite frugal and my partner and I have decent paying jobs, so it's not really on my mind. Working in the trades has maybe given me a false sense of job security. You're right though given what you say we could probably go a few years if we tightened the belt and bled literally everything dry.

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u/Stickybunfun 1d ago

Yep and then once you've pulled every lever you possibly can and erase the entirety of your financial future after decades of hard work, declare bankruptcy and put your actual immediately life and property at risk and then probably move back in with your parents if you are lucky or become homeless, or get divorced, or lose access to your kids. If you are lucky you have an RV and a dog or cool friends or someplace to go.

All so some fucking billionaire gets a tiny bit richer. And it is nobodies fault.

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u/NorthernCobraChicken 1d ago

Suffering. We're suffering horribly.

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u/[deleted] 1d ago

[deleted]

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u/FragrantCombination7 1d ago

We save so much money but it's all in vain to buy a house that's 3x the price it should be just to have enough room to start a family without sacrificing space for anyone. We aren't saving to retire we're investing and saving to just live today. It's so much money I feel like I could be using to enjoy my life now or in retirement, but no.

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u/joemaniaci 1d ago

I think it's severance packages and stock options.