Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
I mean that’s one of the big draws of capitalism right? Much of the state’s power is derived from its elite oligarchy and their industrial contributions, in exchange for basically having a blind eye turned to anything they want.
When you allow structure of such importance to exist as a business, you balance your house on toothpicks.
Therefore, you can allow them to snap and tumble your whole home down a cliff; or you can treat them as part of the state (but, only when they need it. To keep up appearances.)
lol you think either party wouldn’t bail them out? They all own stock in these companies, party line means fuck all when it comes to their net worth. Both parties will link arms sing kumbaya and rip us off yet again…
While I agree with the anti Oracle sentiment, that’s 21,000 employees that didn’t say they wanted AI BS. The suits and ceos that do this aren’t the ones that pay the price. It’s always the ordinary people like you and I.
I don’t think employees can really be separated from the company mission. They might not be the ones who benefit the most, but they still receive some benefit in exchange for producing the outcome.
People resign from roles on ideological grounds all the time.
We’re still throwing out morality platitudes on tech workers as we’ve watched since COVID as the tech sector at all levels has bled jobs, senior staff looking for positions for 2-3 years in some cases.
It’s impossible out there. I have moral objections to the way my company operates too but if I quit now my family will lose everything. I mean thankfully I’m not exactly crushing orphans in the orphan crushing machine but in a sane market I would look for something a little more aligned with my personal ideals. However just like buying a stick of RAM for a reasonable price, it just ain’t happening right now.
You’re still part of the corporate machine if you work at Walmart or McDonald’s, they won’t pay you enough to feed your family and I doubt the job is satisfying.
Like you do realise it was standard operating procedure in the US tech scene to apply for at least 400-500 jobs BEFORE the layoff craze that’s lasted years now, right?
It’s different in my country but it took me 3 whole months to find a new job when unemployed which was pretty bad compared to my previous experience. A bit later it took my friend a YEAR to get a new job. Now their boss is saying every engineer should be providing at least 3x value to customers using AI and they have no option but to stay at this job because nobody is hiring.
I’ve resigned on ideological grounds twice. It’s hard to do, especially if you don’t have a safety net or savings to tide you over until your next job. That being said, I think that executive pay should be reduced to compensate for job losses (as a payout to all the people who got fired) anytime shit like this happens. Make the C suite take accountability for their gambles.
I 100% agree if we’re talking about employees with the capacity to earn more than a living wage.
You can’t tie people to the actions of the company they’re working for if they’re living paycheck to paycheck.
Employees in the tech sector can absolutely afford to not work at Oracle or Flock or any one of the other antihuman shitholes like them. For a lot of these people all it took for them to sell their morality was a chance to make six figures.
Couldn’t happen to a better group of companies. Let them all beg for bailouts and be denied.
Maybe under a sane leadership, certainly not now. Trump will give them a bailout and a shipping container full of “deported” teenagers.
Even Obama handed out bailouts like candy. No chance this admin doesn’t.
I mean that’s one of the big draws of capitalism right? Much of the state’s power is derived from its elite oligarchy and their industrial contributions, in exchange for basically having a blind eye turned to anything they want.
When you allow structure of such importance to exist as a business, you balance your house on toothpicks.
Therefore, you can allow them to snap and tumble your whole home down a cliff; or you can treat them as part of the state (but, only when they need it. To keep up appearances.)
lol you think either party wouldn’t bail them out? They all own stock in these companies, party line means fuck all when it comes to their net worth. Both parties will link arms sing kumbaya and rip us off yet again…
I didn’t say anything about another party though.
While I agree with the anti Oracle sentiment, that’s 21,000 employees that didn’t say they wanted AI BS. The suits and ceos that do this aren’t the ones that pay the price. It’s always the ordinary people like you and I.
There should be a law that if more than x% of the workforce is laid off, the entire C-suite has to go too.
I don’t think employees can really be separated from the company mission. They might not be the ones who benefit the most, but they still receive some benefit in exchange for producing the outcome.
People resign from roles on ideological grounds all the time.
We’re still throwing out morality platitudes on tech workers as we’ve watched since COVID as the tech sector at all levels has bled jobs, senior staff looking for positions for 2-3 years in some cases.
It’s impossible out there. I have moral objections to the way my company operates too but if I quit now my family will lose everything. I mean thankfully I’m not exactly crushing orphans in the orphan crushing machine but in a sane market I would look for something a little more aligned with my personal ideals. However just like buying a stick of RAM for a reasonable price, it just ain’t happening right now.
It depends on the level of your objection I guess.
“My family’s homeless but at least I’m not working for a corporation anymore”
“I chose a job that I find satisfying even though I could earn more if I sold out”
Yeah again this leaves out the “job I already have” vs “mythical better job that simply doesn’t exist right now” part
Loads of people have jobs that align with their values.
You’re still part of the corporate machine if you work at Walmart or McDonald’s, they won’t pay you enough to feed your family and I doubt the job is satisfying.
Like you do realise it was standard operating procedure in the US tech scene to apply for at least 400-500 jobs BEFORE the layoff craze that’s lasted years now, right?
It’s different in my country but it took me 3 whole months to find a new job when unemployed which was pretty bad compared to my previous experience. A bit later it took my friend a YEAR to get a new job. Now their boss is saying every engineer should be providing at least 3x value to customers using AI and they have no option but to stay at this job because nobody is hiring.
What do you want me to say?
“Its ok pet. Your kids will be forgive you.”
I’ve resigned on ideological grounds twice. It’s hard to do, especially if you don’t have a safety net or savings to tide you over until your next job. That being said, I think that executive pay should be reduced to compensate for job losses (as a payout to all the people who got fired) anytime shit like this happens. Make the C suite take accountability for their gambles.
I have too, and paid dearly for it. I’m of mixed mind. Most people are trapped.
Most of these “trapped” people stop searching for a job.
I 100% agree if we’re talking about employees with the capacity to earn more than a living wage.
You can’t tie people to the actions of the company they’re working for if they’re living paycheck to paycheck.
Employees in the tech sector can absolutely afford to not work at Oracle or Flock or any one of the other antihuman shitholes like them. For a lot of these people all it took for them to sell their morality was a chance to make six figures.
Yeah no they’re 100% gonna get bailed out. All they have to do is kiss the ring and they’re golden.
But fuck all of us, I guess.
Ftfy
Opportunity wasted
If they try to bail them out, we all stop working and mobilize. Don’t spread defeatism for them.