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Chris Remington@beehaw.orgM to Technology@beehaw.org · 23 hours ago

Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs/day

finance.yahoo.com

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Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs/day

finance.yahoo.com

Chris Remington@beehaw.orgM to Technology@beehaw.org · 23 hours ago
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It’s unclear exactly how many employees lost their jobs, with reports ranging from 10,000 to 30,000. The latter would represent almost 19% of the company’s 162,000 workers.
  • BestBouclettes@jlai.lu
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    22 hours ago

    If Oracle and Microsoft crash and burn when the bubble pops, it would be absolutely amazing

    • P03 Locke@lemmy.dbzer0.com
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      21 hours ago

      Microsoft won’t, but Oracle… I’m having trouble figuring out what Oracle sells nowadays that is worth paying money for. Are there really that many companies still hooked on Oracle’s DB?

      • Blake (he/him) @beehaw.org
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        17 hours ago

        Oracle owns Cerner, the largest IT medical provider. No major competitor either, since they’re multinational and most competitors are single country or regional

        • Cass.Forest@beehaw.org
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          17 hours ago

          Correct me if I’m wrong but don’t they also own TikTok in the US now?

      • Midnitte@beehaw.org
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        20 hours ago

        Microsoft uses Oracle, to give you a sense of scale.

        • Hirom@beehaw.org
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          8 hours ago

          Oracle needs a good dose of adversarial interoperability.

        • redsand@infosec.pub
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          16 hours ago

          I read this as Microslop can’t operate postgres

          • msage@programming.dev
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            8 hours ago

            M$ actually bought Citus Data, so they are embracing Pgsql.

          • TerabyteRex@piefed.social
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            15 hours ago

            Ms does use postgres. In fact in was a dev on the postgres team at microsoft that found the russian malware in XZ that almost got included in red hat lts and compromised the entire internet

            • punksnotdead@slrpnk.net
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              2 hours ago

              There’s no conclusive evidence it was Russian. It could just as likely be American, Chinese, Israeli, French, etc

              https://en.wikipedia.org/wiki/XZ_Utils_backdoor

      • MagnificentSteiner@lemmy.zip
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        20 hours ago

        There are a lot of big companies using Hyperion Financial Management, Hyperion Planning and other EPM stuff.

        • P03 Locke@lemmy.dbzer0.com
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          14 hours ago

          I can’t help but think of the Borderlands corpos, now.

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