@moreperfectunion: Oracle is reportedly laying off up to 30,000 employees

dikbuttz69 :

it should not be legal for businesses to do mass layoffs of people while they remain profitable

RayTheGreatWon :

In France companies who are profitable like this have to justify these kinds of firings. Given how much US taxpayers subsidize Oracle they should have to as well.

dgm945 :

Good move!

Sean noodles :

United States is the only country in the world where it is legal to make profit and layoff employees btw

NestorMakhno :

AI bubble is bursting, and WWIII is right around the corner.

DJ :

When trickle down economics fails right in front of us...

ircmaster :

A competent government would hold the company and its leadership legally liable for this kind of action.

Carlos Wilheim :

Companies caring about shareholder value as designed. Maybe we need laws that they also must benefit society? Dodge v. Ford Motor Co. (1919) is a landmark corporate law case establishing that directors must operate companies primarily to maximize profits for shareholders, rather than for the benefit of employees or customers.

Barb Kilner :

yonderrr999 :

Larry Elison could personally, out of pocket, double every employees salary and still be a multi-multi billionaire

Harrison :

But... but... trickle down economics work.... if you hold the graph upside down the 50+ years show great results.

anan amouse :

corporations should be levied tax increases whenever they lay off employees, equivalent to unemployment benefits and retraining costs borne by the government

elviso890 :

Oracle has over leveraged itself by billions of dollars on the whole ai data centers build out. But AI revenue is gonna dry up very soon. This is just the first of many death knells. Also the Ellison's spent even more money on buying Warner Brothers so when they start to go down they will take a lot with them.

Neavesee :

Perfect example of how the stock market is completely divorced from what citizens actually value.

gooner flu :

we all got to come together and boycott AI.

Gucci.Michelle :

This is why we need a wealth tax cap, close income loop holes such as borrowing against assets like stocks, and need to have better employment protections like they do in Europe.

pizza pizza :

Oracle took on $100,000,000,000+ in debt for AI deals. its laying off everyone bc of the poor decisions of nhe Board

troubles :

They do not care, like at all

midwestman1240 :

corporate greed

Scootington Puff :

Tax corporations at 90% tbh.

4USA4EVER :

I guess tax cuts for billionaires and corporates didn’t really work for middle and low class Americans

🌜✨Love💫Light✨🌛 :

Disgusting corporation 😏

Bookem1245 :

Yep. It’s really shameful. And their CEO makes $100m plus per year.

abstrakt_dylan :

People have no idea why businesses exist. It’s not to make sure people have jobs.