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

beardyw
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.
gordian-mind
Requiring $7 billion in collateral, nearly half the cost of the entire $15 billion project, to insure the utility’s full capital investment in case the company walks away, is completely insane. “Existing customers should not subsidize data centers” seems like pure demagogy there.
jimnotgym
Is this the AI jobs apocalypse we heard about.

People who made the business what it is today, being sacked so the company can join the bubble? When it bursts those people can go and sell expensive databases to governments agencies under a new umbrella.